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The designation means “up to $1 million a year over a 10- to 15-year period. Said U.S. Rep. Bobby Rush, “This site would help preserve over 200 historical assets in Chicago’s Bronzeville-Black Metropolis neighborhood to bring life to the well-documented influence this Black community had on the City of Chicago and our nation."
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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The park is easy to find, just look for the chalk outlines of bodies on the sidewalks
Congressional Democrats Give South Side Democrats A New Crooked Slush Fund