-- Connecting the dots between our economy, government and business --
Ford Heights hasn’t had a real, standalone library in about 30 years. Public records show the south suburb has collected more than $100,000 in taxpayer money over the past decade, although it’s a mystery as to where the money is going and why volunteers instead created a makeshift library the size of a dining room in a community center.
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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This is the village with a part-time police department!
Ford Heights is a good description of where all of IL is headed when all the competent people leave.