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.
Interesting, so Evanston has a “progressive” real estate transfer tax that also serves as a flat tax based on the total sales price, just like Chicago is attempting to implement. Still think it’s poor policy. And it’s not indexed to inflation.
Good Godfrey! That’s a whole lotta money!
socialism
These people are lunatics.
Screw the retired cops and firefighters who risked their lives for the safety of Evanston residents – don’t fund their pensions, instead distribute taxpayer money based on race.
Dr. King weeps.
Reparations Racketeers, Racial Grievance Grifters, Rob Evanston Taxpayers, To Bail Out Their Unconstitutional Race-Based Scam
The hits just keep on coming from Evanston.
(to your wallet)