Chicago Says It Will Reform School Budgeting. Can Efforts Survive A Pandemic? – Block Club Chicago

For the last six years, the basis of Chicago’s funding formula has been to give the same per-pupil amount to individual schools, with small variations to address students’ needs and backgrounds.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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