-- 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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How many acres compose property?
Owner needs a real estate tax attorney, pronto. This horse-farm property should be assessed as agricultural land-use, at much lower valuation, rather than as commercial land-use, such as a shopping center or office building.
Cook County Forest Preserve presently has a large budget-allowance amount for new land acquisitions, part of recent referendum. Likely this horse-farm is specifically targeted for acquisition. There are few privately-owned land parcels remaining in Cook County that are suitable for Cook County Forest Preserve acquisition purposes.
Preckwinkle doesn’t like them because they’re white and primarily used by whites; just like the Forest Preserve district let the tobogganing slide go to hell for the same reason. Remember John Stroger? Boy was he a piece of work.
The only whites she lets use the forest preserve are the dudes who park their cars backwards…LOL
Well, they’re Dems!