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"Clearly the decision was made behind closed doors, and that was not right. When you made that decision, who were you thinking about? You clearly weren't thinking about the children in the City of Chicago...We follow CPS protocol for renewal, and we proved that we deserve to be here for the long-term and it is my choice keep my kids out of your political games," said charter school parent Myisha Shields.
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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