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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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I worked in this building for years. It’s totally unsuitable for apartment living. Most of the floors get no sun, just like most buildings in the LaSalle St. canyon. I worked on a “remodeled” floor, and the bathrooms were the original ones from the 1930’s, including all of the porcelain fixtures. This is an old building. $98 million will cover nothing. They’re going to have to spend hundreds of millions to rehab this building, and it’s destined to turn into a public housing project building. Which is obviously the plan. Your tax dollars at work, funneling cash to wealthy Dem… Read more »
Chicago, The City That Doesn’t Work.
Hmm…..could LaSalle Street become the next Section 8 hood?