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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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A great solution, instead of TIF $ being spent as development in “blighted” communities as intended, CTU wants $1 bil in TIF $bucks$ to pay for majority WHITE upper-income teachers 9% raises? That sounds like an equitable deal!! But know matter what you think of TIFs, the astounding s-show that went down yesterday is beyond belief. On Fox 32 and WTTW-Chicago Tonight interviews (https://news.wttw.com/2024/10/09/chicago-tonight-black-voices-oct-9-2024-full-show ) Martinez claims he presented $462 mil TIF surplus funding plan to Brando all the way back in April that CTU was well aware of and for some unknown reason Brando rejected? Instead you have the… Read more »
Stacy Gates, when the last paying taxpayer leaves the city, please turn out the lights.
How can people running an alleged education organization be so irretrievably stupid?
“instead of tax increment financing (TIF) money going to developers or big corporations, it should be spent on CPS students”. Garbage. the CTU scum want this money with nothing in return. Period. Spend it on students?? Are you kidding me? If there are any CTU members remaining with a conscience they need to leave this Union/terrorist cell now or they will burn in hell alongside their comrades.
Hell is going to fill up mighty quickly my friend.
And to think that the nuns that taught me worked for almost free. So sad.
Yup and I had Christian brothers in high school need I say more