Cook County to start dividing up ‘much-needed’ $51 million in federal CARES Act funding to suburbs hardest hit by coronavirus pandemic – Chicago Tribune

The county worked with the Chicago Metropolitan Agency for Planning to devise an “equitable funding formula” that considers a municipality’s immediate needs, median income and public health statistics, she said.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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