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Mayor Daniel Shapiro requested a review of the village’s zoning ordinances due to changes in recent years, with companies reducing their office footprint and the expansion of e-commerce and local fulfillment centers. Proponents of industrial developments see them as an effective way to reinvigorate office properties with new jobs and local tax revenue, the village’s planning memo stated. But opponents are concerned about increased pollution and traffic congestion.
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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