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"The cases of Solis, Burke and Madigan were extreme examples of undue influence in city government. They provided a backdrop for a more prosaic case, revealed this week, of Ald. Walter Burnett Jr.’s reversal on the issue of affordable housing requirements for a high-rise development in his ward."
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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Another example of the City Council to prison pipeline. Who cares for the alderman’s family when they’re in the joint?
Democrats?