-- Connecting the dots between our economy, government and business --
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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The covid crack money is over. Get your dancing shoes on because this is about to get real fun.
Who is the “We” that CTU/Brandon claims to be demanding for in “We keep demanding”…..most of us city residence have quit believing it includes anything for us chump home owner/ taxpayers as– prop taxes, crime, giant $deals$ for are city public sec heroes, etc skyrocket.
Zippy’s approach to more money is easy!
Increase taxes in Chicago, keep your dirty
Hands out of my pocket.
32 Administrators/Teachers for 35 students and they don’t want to close the school.
They think 300K+ per student is prudent, I’d tell them what’s prudent on any money.