-- 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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I’m certain that CTU will be fully on board for their cherished members working nights and weekends.
At least Vallas won’t give the crooked corrupt CTU a blank check
What a refreshing view for a potential Chicago Mayor. If CPS is going to change it will start with a board that the voters have chosen. If they don’t choose Paul’s (or any other mayor’s) candidates then the voters must be happy with the school system and all its costs. Let the voters decide their own fate.
Good luck. As you can bet ctu/seiu will fight to see their members are staffing schools after hrs and on weekends at astronomical $cost$. by the way, who’s staffing closed south side cps school/ immigrant center?