Chicago suburbs warn ComEd: It’s time to pay up on local utility taxes – Chicago Tribune*

About 50 leaders from roughly 80 suburban communities who feel shorted by ComEd decided to speak up as the utility giant is on the defensive. The mayors sent a letter this month to ComEd CEO Joseph Dominguez calling on the electricity provider to “promptly pay.”

They estimate millions of dollars are owed in overdue in uncollected utility taxes. The mayors say it’s often because ComEd failed to match up the addresses of residences and businesses using power and then pass on the utility tax revenues collected to communities.

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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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