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.
And remember, Evanston Mayor Dan Biss wants you to elect him to Congress so that he can bring this same local morass onto the National stage.
I have a great solution that all Evanstonians are guaranteed to love, being the good liberals they are. Much higher real estate taxes. See problem solved in the good old democratic party way. They’ll love it.
The poor Evanstonians! They paid all those high property taxes for years and have nothing to show for it but a dingy lifeless city.
Not true. They also got the satisfaction of paying reparations. They love to pay more taxes to pay for all their virtue signaling. Why else would they elect their current leaders. Sure it costs more but they get to tell all their friends that their town is so great. How could you put a price on that?
PPF for the win!
They could easily make up that $10 mm shortfall by raising the taxes at Whole Foods, Trader Joe’s and Starbucks. No Evanstonian can do without those three.