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.
The lazy teachers who haven’t worked in a year will have another excuse not to come back in fall. My guess is student vaccines and improved (very expensive) air circulation systems. Then they will get another year off.