In this interview Ted covers:
- Mayor Lightfoot’s proposed 2020 budget that relies on taxes and one-offs, meaning more trouble and more deficits next year.
- Expect Lightfoot to pass property tax increases if she doesn’t get what she wants from Springfield.
- Chicago has record deficits, junk credit, growing out-migration and a poor housing market despite the strong national economy.
- Why Chicago’s junk credit rating matters during a boom economy.
Read more about Chicago’s financial crisis:
- Lightfoot’s budget won’t stop Chicago’s downward spiral
- Chicago’s Pitch For New Bond Refinancing Is Mighty Fishy
- Chicago teachers strike: Why is no one talking about pensions?
- Here is the list of benefits Mayor Lightfoot is offering to the teachers’ union and why it’s terrible for Chicagoans
- Why Chicago’s Lightfoot should push for a pension amendment, not tax hikes
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.