-- Connecting the dots between our economy, government and business --
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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Bears will get the property taxes assessed at the lower rate while it’s torn up and stay in AH.
Let’s see. Which project have the Bears bungled worse? Their QB situation by getting nothing in exchange for Justin Fields, or the Arlington Heights purchase with no feasible use? Hard to pick which.
The Bears destroyed Fields, and then destroyed his trade value.
Once again a greedy Teacher Union destroyed a good thing.