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.
With “Pivoting” to all on-line classes, it would seem they won’t need all of the support money from the state to cover actual classes. Seems like the state needs to be evaluating whether they should reduce the payments to the Universities and perhaps have them right-size themselves for this new environment. These institutions are already one of the biggest drains on tax dollars and at the same time the one of the most inefficient use of tax dollars ever. The money that is paid for teachers for the work they actually do is worse than Public School District…if that is… Read more »