-- Connecting the dots between our economy, government and business --
Federal agents wanted to know more about heating and air conditioning at the home of Cook County Commissioner Jeff Tobolski when they swept through the southwest suburbs late last month. That’s according to a set of search warrant documents released Tuesday without redactions by the Village of McCook, where Tobolski doubles as mayor.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER