-- Connecting the dots between our economy, government and business --
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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Question. Who is making movies in IL?
Now there is an industry who’s fees and taxes should be raised!
Tax breaks, yes, plus City of Chicago must compensate parking-meter entity for every parking meter temporarily inaccessible for car-parking due to street-closures during outdoor film shoots. So Chicago taxpayers pay twice, once for the tax credits, then for the parking-meter shortfalls.
Tax breaks for anyone but the Illinois TAX PAYING citizen