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Preckwinkle’s office allocated an initial $40 million in 2021 to help promote equity and an additional $10 million this year. Future funding is expected to come from Cook County’s reserve fund and the cannabis tax, county officials said.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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When you don’t know how to actually improve anything, just throw money at it.
We deserve people like Toni, Lori, JB, and their ilk.
They are, inarguably, neither leaders or people of even decent intellect.
Equity is earned. Not just given!
I can’t wait to see what the County comes up with. They’ve done a great job with the criminal courts and jail. Something is just telling me though that this is nothing more than creating a bunch of six figure do nothing jobs.
Any thought given to how the county-wide mutual combat affects the mental health of the non-combatants?
Are you kidding? They county does not even care about the victims of those mutual combatants let alone the other non combatants
Crooked And Corrupt Cook County Democrat Boss Wants All County Decisions To Be MADE — Illegally — Based On Race