-- Connecting the dots between our economy, government and business --
Will Gov. J.B. Pritzker have to stop pushing for his graduated tax plan if the constitutional amendment makes it to the ballot?
Illinois state law bans the use of public funds to promote a ballot initiative as well as a constitutionally-elected officer from “campaigning for any elective office or for or against any referendum question.”
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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