-- 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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Lori would love to unload CPS. Let the CTU run CPS. There’s no downside. It couldn’t possibly get any worse. Nobody is in line for the Sup job. Let Sharkey have it. No one will remember, or care.
Ctu will elect themselfs w taxpayer $. Watch student count plummets but ctu will insist on zero school closures, zero layoffs
If that happens it’s because the voters of Chicago want that to happen.
+1
Mayor Lightfoot agrees with me.
CPS Board is anti-democratic.
So an ineffective mayor agrees with you and you’re happy? Take a win where you can I guess.
Candidate Lightfoot disagrees with you along with the super majority of the state legislature.