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.
Don’t worry they will spend the money on vacations and pizza parties, and on top of that money raise your property taxes.
If I see “reimagine” applied to one more thing I think I will scream. Who invented this awful word? Please stop!!