Editorial: New state budget on drawing board – Champaign News-Gazette*

"Part of his budget cuts are supposed to come from proposed furloughs of state employees that have already been rejected by union leaders. Cigarette tax revenue shifted to the general fund will mean less money available to pay for planned infrastructure improvements. Freezing K-12 education funding won’t be easy in the face of legislative resistance to boost spending."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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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