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Summary and audio linked here.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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Audio and summary
Progressive-socialist response: “tax the rich!”. There, problem solved.
“While you’re at it, adopt a funding method that covers at least 100% of the liabilities the state is accumulating. Otherwise, both Chicago and Illinois will fall further behind.”
A suggestion not worth the time it took the Trib’s Editorial Board to write. Just Wednesday, JB told us that, “We’re on a great trajectory from a fiscal perspective.”
The vaporous Tribune’s opinion not withstanding, Illinois’ official, elected-n-constitutional guvmn’t has assured the citizenry that everything is just fine.
That being the case, who should care what the Chicago Tribune’s Editorial Board thinks?
To her credit , lightfoot at least made an attempt to stand up for tax payers and was vehemently opposed to Martwick cop & fire -end tier II bill. Of course CTU/Brandon will be all on board as his ctu buddies will be getting Martwick to sponsor similar bill next. Of course the press fluffers never ask
If you read CTU web site, getting rid of Tier II is always top of priorities list behind all the usual fake equity bs smoke screen. With CTU’s contract up next year, and with their guy installed as mayor, and elections over with dem running the state 100% getting rid of Tier II is a no brainer. The Martwick Chicago Police & Fire bill is just a “test the waters bill” to see if dullard taxpayers even notice. Nobody who’s gigged-up in the guaranteed pension deals cares about doopie idiot taxpayer/home owners or long term costs as usual…they’ve already been… Read more »
There’s plenty of money in Chicago. It’s just in the wrong hands. Just ask any Progressive pol.
Detroit Resurrected is a book worth reading. The pension protection clause sounded amazingly like the one in IL.
Michigan another Big Blue state like Illinois so I’m not surprised.
IMO a massive racket hoisted on Illinois taxpayers by the corrupt Dems and their masters the public sector unions!!
So now we have gotten to the point of Tribune Pravda talking bankruptcy – like Detroit did and what Puerto Rico did. I say ‘Get on with it’. PPF can figure it out later.
This is a train wreck happening right before your eyes. The pension time bomb is exploding and each pension will last over 30 years with 3% increases every year paid for by the next generation of taxpayers.
Illinoisans, vote with your feet before the corrupt Democrats and their masters the public sector unions take more and more of your hard earned money for their golden pensions and OPEB!!
I voted with my feet over 20 years ago and left Taxistan and my bank account has an extra $200K in it.
Da Judge