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“It isn’t as if we’re coming in with enormous surpluses,” Gov. JB Pritzker told reporters Thursday. “This is not something where we have hundreds of millions of dollars to support.” At Johnson’s request, Cook County Board President Toni Preckwinkle said she asked suburban municipalities to share some of the burden.
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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Did the POCs running Chicago and Cook County not see this coming? How shortsighted!
Why not round up the invaders and house them at McCormick Place until the can be sorted and deported?
The citizens screwed up by not voting at all or voting for this pile of incompetence, but continuing on this path will accelerate the demise of our once great city.
Quite the sanctuary you got there, Chicago.
Wait a minute, everytime I see Pritzker he’s talking about how Illinois is in great fiscal shape and leading the way in some made up category that no other state measures or cares about. Now he’s saying that Illinois can’t support one of his main bragging points of being a sanctuary state? Has he been lying to us?
Once again, for millionth time —1.)the city has tons of space/facilities in empty or fractionally used CPS schools in “dis-invested” Black communities ready to go to house migrants. 2.) City has mysteriously only spent 15% of it’s fed COVID $bucks$ dedicated to homelessness to date…..don’t believe the hype
Hey Preckwinkle, you take care of the burden your team has caused. From downstate, I will not support – though my taxes somehow find their way.
These folks are still going to be on police station floors and in airport terminals and side-walk tents in a couple of months. They certainly won’t have jobs and apartments before the snow flies. Lots of people are going to find that cruel and intolerable and stupid for one reason or another. Particularly since it’ll be all over the media and in front of everyone’s face. HD pictures-n-video clips. OpEd’s in the NYT and WSJ and the Washington Post and the Tribune and the Sun Times. Daily. The Republican kerfuffle over the House Speaker pales in comparison to the adversarial… Read more »
BJ couldn’t manage a lemonade stand — no wonder the wheels are coming off his sanctuary city clown car