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"Cook County’s failure to deliver second-installment property taxes on time — due to monumental computer glitches tied to a new system that has been delivered late and well over initial estimates — is costing some municipal bodies significantly. ... If the cash from property taxes doesn’t come in until the end of October, CPS will have paid at least $10 million in interest just to cover operations over several months."
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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Nice photo of a pensive Taxwinkle trying to come up with another truth delaying computer glitch.
Preckwinkle was never qualified . She killed 2 birds with one stone nominating her
Vendor’s fault? County employee incompetence? CTU greed? Board refusing to close underused schools? Blame Game musical chairs? Let’s play Pin The Tail here in the metro sandbox. Time to send all the kids home and start over.
Lots of components to the s—t sandwich Taxwinkle serves the taxpayers on a regular basis.
Vote her out.