-- 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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And if they all rip out their toilets like governor WIDE-LOAD did, the regular taxpayers will have to pick up the slack
Residences of Barrington Hills are lucky the Cook County Tax Assessor can’t seem to find his way to that part of Cook County.
For Sale, moving to Naples or Palm Beach, Florida.
Good luck with your property insurance. It’s getting harder and harder to get coverage. I have several friends there looking to leave now because of this massive expense with pages of exclusions.
Uh oh, I think Ken Griffin is get some new old neighbors!
Let’s see what high priced politically connected lawyers these homeowners hire. And, let’s see how Kaegi caves on some of them. We will see if tax the rich can really happen.