-- Connecting the dots between our economy, government and business --
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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Private schools will have large waiting lists. Young families will be fleeing to the suburbs.
Many middle and upper middle class suburban elementary public schools have been losing student populations since before covid. I pointed that out several months ago. Big declines, like 10% to 17% student losses from 2018 to 2023. A handful of suburbs stayed flat, they are the thriving ones. Even more shockingly, the middle to lower class suburbs have lost even more. Cicero SD 99 dropped from 11,874 students in 2018 to 8,774 in 2023. That’s over 26%, or more than 1 in 4 students have disappeared from Cicero SD 99 since 2018. Same in Berwyn, Romeoville, Harvey, Crystal lake….It’s everywhere.… Read more »
it would be a fun exercise to research what CPS HS reading and math scores would look like with top 11 selective enrollment HS stripped out?….could it get any worse for all the astronomical $ spent?