Chicago Pension Buyout Proposal Shifts Debt, Fails to Address Broader Fiscal Woes – Chicago Today

April 16, 2026

Mark Glennon, founder of Wirepoints, criticized the pension buyout program, stating that it simply shifts debt rather than reducing it. He emphasized that the broader fiscal picture facing Chicago continues to worsen across all metrics, indicating that the city's financial challenges extend beyond just the pension issue.

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Two people standing side by side indoors against a brick wall; man wears a black quarter-zip sweater and plaid shirt, woman wears a blue striped sweater. With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too

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