-- 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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If the state gives the ISBE the authority to revoke schools state recognition then that school district should be allowed to privatize by referendum. Parents would then have the right to choose if they vote to privatize and if they say yes they would pay tuition. The school portion of their property tax bill could be credited towards tuition.When parents see the astronomical per pupil expenditures compared to local private schools they would then get involved in the financial matters of the school and maybe get rid of the administrative bloat like reduce assistant superintendents from 5 or 6 to… Read more »
ABSOLUTELY NOT! Stop using our kids as political pawns. They keep playing shell games with this legislation and it needs to stop. We stayed here for the education and now I have to ask – what education? The CTU and Pritzker should be congratulated for taking down any remaining resemblance of education in this state. Keep and eye out for and complete witness slips for HB4135 and OPPOSE this nonsense!!
Go for it JB! You do not have the balls because parents will turn. You are a bully coward!!!!