-- 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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Wait. Pritzker wants to eliminate townships? What’s the catch?
The county takes on the responsibilities and you hire the township workers, who were mostly part time as need, you provide better pay insurance, retirement, county vehicles, etc. costing taxpayers more so Big P can say he’s cut back and savings money, and people have to go through red tape to get anything done!
Just conjecture, I have not researched, but i assume there are more R leaning townships. They have not been gerrymandered.
The only way suburbs get services is through the townships. Cook county provides services to Chicago, not suburbs.
It won’t happen unless made mandatory. We need something like the federal base closing commission that worked well for selecting military bases to close. Pass a mandate to close or consolidate X townships and Y school districts.