Chicago Housing Authority paid out more than $787,000 over the last five years to 9 exiting senior leaders – Chicago Tribune*

Ald. Matt Martin, who chairs the City Council’s Committee on Ethics and Government Oversight, called the payouts “concerning,” particularly the deals with the two individuals who had written warnings from Tracey Scott, the agency’s former CEO.
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Daskoterzar
1 year ago

Wow, One dude CIO was there for 30 years and was set to retire Jan 2024, but resigned in May of 2023 and was paid $160K in severance pay. If he quit… why pay anything but unused PTO. Doesn’t make any sense. But hey, its all graft, no oversite and no penalties. Government is such a scam.

The Railroader
1 year ago

The Executive Director class.

An inbreed apart.

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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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