Despite Budget Sweeteners, Lightfoot Faces Uphill Climb To 26 Votes, Aldermen Say – Block Club Chicago

Even aldermen who are typically aligned with Lightfoot, like Ald. Matt O’Shea (19), have signaled they will not support her proposed property tax hike. The Southwest Side aldermen added that he is “very concerned” about the mayor’s proposal to cut more than 500 vacant positions in the Chicago Police Department. “I’ve got very strong reservations about this current proposal. My community has made clear to me they do not want to see a property tax increase.”  

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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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