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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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Cook County Forest Preserves — One Of The County’s Most Corrupt Political Hiring Dumping Grounds – Wants Even More Of Your Tax Dollars
Does the Forrest preserve really need that nice headquarters in River Forrest? Couldn’t all the fine work they accomplish be done from a strip mall in Dixmoor?
Shrink it – it’s to large.
When you’re shivering in your home this winter the Chicago forest department will be the last thing on your mind — unless you need some firewood.
“They say the extra cash would help the county address ambitious goals, like … paying for workers’ pensions.”
Taxpayers are already paying way too much for pensions.
Even WBEZ won’t admit it’s a 50% tax hike.