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Board member Brian Sager, of McHenry County, said the situation is “a little bit bleak” for his region, since the last accepted reform package is stacked against suburban voices.
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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Let it collapse. They need Elon and his DOGE team to audit their spending vehicle. They’ve lost thirty percent of their customers in 5 years and want to undertake a ridiculous billions of dollars expansion of their failing enterprise. I would venture to guess they employ hundreds of consultants, attorneys, bureaucrats and other non accretive to the bottom line functionaries. Let it collapse and start from scratch.
Every public issue calls forth advocacy and advocates often tell one side of the story. This results in many of the rest of us having to discern the “half-truths” emitted by the advocates. We attempt to figure out what to believe. Often some become frustrated and burdened by “government solutions.” To digress from public transit, consider the pro-choice and pro-life positions where Roe v Wade and various states essentially validated abortion on demand and more recently, the Dobbs decision led to some states’ making many abortions illegal. The fact remains that government may be forced to find solutions and one… Read more »
Oh come on…the crooks in springfield have already done a deal…they are just waiting till the last minute to shove it through, so nobody knows about it. The media will NEVER mention it or they might just as a statement with no analysis or research. It’s done, we will pay. Does anyone believe those ball-less wimps in springfield would do anything else? Millions of Illinois tax payers who will never-ever use Chicago transit will now be forced to pay for the over-built, under used, corrupt system in Chicago.
Let Chicago pay for the mismanagement of CTA. Chicago and Cook County think that the suburbs exist to tax to support Chicago.
Any chance the “ disastrous “ shutdown of the transit system will affect about as many people as the government shutdown has? P. S. Doomsayers, people got their SS checks on time a few days ago. Another Dem hysterical lie exposed.