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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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What’s that line, “Like putting lipstick on a pig.” That is the true state of Chicago’s K-12 education system.
Major improvements?
That’s like they only got shot 4 times but didn’t die. More than 50% of kids still can’t read or write at all!
looks like the biggest take away from this softball Martinez interview is he’s got the knee pads on for CTU just like everyone else in city gov.