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Sticking with a now yearslong trend, Preckwinkle’s proposal does not include any new taxes, fines or fees, and eliminates a projected $211 million shortfall thanks in large part to better-than-expected revenues. The county is projecting a nearly $300 million deficit in 2027 and $402.2 million in 2028.
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 real news here is that Cook County has reserves to tap!
The County looked in their sofa cushions and found some change!
She is the one behind cashless bail so she doesn’t have to feed , house , guard or give medical treatment to those in Crook County Jail !! Taking that money saved and using it for ILLEGALS!!
Vote her out she is incompetent. She can’t even hire a reputable company to get tax bills out on time. Is she preparing for 2026 midterm elections so tax bills won’t expose them before the elections?
Smoke and mirrors. The deficit will turn out to be higher than what is published