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.
How can operating expenses increase when CTA isn’t operating anything?
Because the can. The taxpayer is here to be Trucked.
If you do not like it leave for a state that is just less bad. They are all Bad, but Illinois takes the cake.