-- Connecting the dots between our economy, government and business --
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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“So, for compliance tickets, such as city stickers or license plate expiration tickets, everyone will have one opportunity to fix their violation by simply buying the sticker they need and having their ticket forgiven.” So why would anyone buy a city sticker until they received a ticket? Well to do Chicago residents that have off street parking at home and a parking garage at the office might be able to avoid ever needing to buy a city sticker. While the poorest residents that constantly battle for street parking will need to pay the tax. I really hope they implement this… Read more »
So tickets will be based on income no matter the value of your auto. Hope Lori does not read this.
https://www.theatlantic.com/business/archive/2015/03/finland-home-of-the-103000-speeding-ticket/387484/