Given where Chicago is right now this new stadium proposal is a bad idea and a bad deal – Wirepoints on The Chicago Way with John Kass
Ted was on The Chicago Way with John Kass and Jeff Carlin to discuss the proposed $5 billion lakefront stadium project proposed by the Chicago Bears & Mayor Brandon Johnson, why Chicago is struggling compared to other metro areas across the country, why the city might or might not go the way of Detroit, and more.
Twenty years ago, the state contribution to the state employees retirement system (SERS) was around $400 million. The most recent payment was $2.6 billion.
Do they want the state to pay case workers more to attract more applicants or do they want to fund the case workers’ pensions?
They probably want more taxes so that they can do both.
Well in the past they would do the hiring and simply cut the pension fund contribution. Did I not read here the other day about creating a ramp funding situation for education? The ability of Illinoisans to come up with wack-a-mole spending is astonishingly beyond belief.