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.
Pay up Chicagoans. Enjoy being taxed into poverty, homelessness and ruin.
Deficit problem? The fools who voted for this should raise their hands and say “check please”.
Brandon can temporarily get away with blaming shortfall on lightweight. Also, the big unknown, even with migrant crisis the city still has big fed COVID $bucks$ left (+$1 bil??) that so many of Brandons friends (i.e. CTU) have their hands out for behind the scenes
Migrants, migrants, migrants. Hey taxpayers, we’re short $600 million so dig deeper into those pockets you fools.
Now’s the time for BJ to get all the worst of it out, so he can blame Lightfoot for the budget he has to write.
If they admit this much of a deficit, it must be at least a billion or more