IBM will bring innovation hub, 750 new jobs to Chicago’s quantum park – Capitol News IL

The company will in turn be subject to tax breaks under the state’s EDGE, or Economic Development for a Growing Economy, tax credit program. Those would amount to $19 million over 10 years.
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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