Illinois budget ‘very troubling’ to Plummer, Harriss – Alton Telegraph

“When you’re spending that amount of money and you can’t balance the budget, that’s a problem," said state Sen. Jason Plummer. "It doesn’t fund our schools appropriately and it doesn’t fund our hospitals appropriately. It’s not balanced and it sets us up for a tax increase in the future.”

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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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