Blue City Spending Drives ‘Unaffordability,’ Not Relief: Wirepoints’ Mark Glennon on Chicago’s Morning Answer – AM560

“You didn’t have to be a wizard t.o see it,” Glennon said, recalling that warning signs were evident as far back as the early 2000s when state revenues faltered after the tech bubble burst. The fiscal trajectory of many major cities, he said, has long reflected a pattern of expanding government commitments without sustainable funding models. Full interview here.

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Eugene from a payphone
1 month ago

I predict there will be a financial collapse of a taxing body or pension fund by December of this year!

Repub Lori
1 month ago

Cannot wait for Governor Dabrowski to put so-called Mayor Johnson in his place. You can do it, Ted! Win this thing!

dennis grettenhauser
1 month ago
Reply to  Repub Lori

his place better be a jail cell next to JB, Lori, and Fauci!

David F
1 month ago

As far back as, when did Madigan get elected?

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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