Dixon Council Takes First Step Towards Selling Over $22 Million in Bonds to Help Pay Down Pension Costs – WIXN (Dixon)

City Manager Dan Langloss said if the city was already at 100% funding the cities pension payment would be at $500,000. The hard truth is the cities payment this year is $2.5 million and it is fast approaching $3 million. Langloss said the city, even with the economic growth, cannot afford to pay that much yearly.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Mike
2 years ago

Freeze or cut salaries.

Pension bonds just replace one type of debt with another.

If that were such a great idea there would be 401K bonds.

Chunky Puree
2 years ago

Use Rita Cromwell as a pinata and charge $2.00 a swing.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints

Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no. 

Read More »

Gov. Pritzker’s ‘ethics reform’ eliminates competitive elections and choice for voters – Wirepoints on AM 560 Chicago’s Morning Answer

Ted joined Dan and Amy to talk about a new law passed by the Democratic supermajority and signed by Gov. J.B. Pritzker that results in brazen election interference, keeping Republicans off ballots; about a referendum that tests the waters for a renewed progressive income tax hike; about how the Parental Notification referendum question was knocked off the ballot; and why laws like that pass so easily.

Read More »

Chicago needs more champions of literacy like Willie Wilson – Wirepoints

It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE