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The health department estimates the program could benefit about 120 residents each year who will receive three meals a day, laundry and security services. The pilot follows what city officials deem a successful run of a similar program during the onset of the COVID-19 pandemic, in which the city placed Chicagoans living on the street inside swanky downtown hotels where they could safely practice social distancing.
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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Hmm, I suggest that Illinois commandeer all Hyatt properties in the state for this purpose. JB will finally have some skin in his progressive game.