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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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I suggest those Evanston moms head to St. Adelberts cemetary with their shovels and dig up the Felecian nuns from 6 decades ago.
Go woke, go broke.
“ You have to look at all children. And, if you do harm to one, you do harm to all,”. This parent misses the larger point, which is that the misguided and profligate spending decisions that led to this problem are what will harm students. One has to wonder whether the same problem is building in Oak Park & River Forest’s D200 after a rogue board went way out of its way to justify bypassing a referendum for what will be an nearly $150 million athletic facility that will almost certainly mean years of max levy increases to pay for… Read more »
This is a fairly wealthy school district. I would like to know the back story how this happened.
It’s a huge clusterfcuk, but start by Googling “devon horton evanston”, as he was the swinishly corrupt former D65 Superintendent…
Equity would be directing all school assets towards core curriculum instead of non-existent racist issues.