Facing federal tax charge, state Sen. Terry Link resigns – Chicago Sun-Times*

In August, Link was charged in federal court with filing a false income tax return for the year 2016, claiming his income was $264,450 even though he knew his total income “substantially exceeded that amount.” Link is scheduled to be arraigned on Wednesday.

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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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