Illinois GOP claims Pritzker’s muzzling Frerichs over retirement tax – Center Square

The treasurer was scheduled to hold a news conference Tuesday, but it was canceled moments before it was set to begin. State GOP Chairman Tim Schneider said, “Pritzker has a plan to tax retirement income in Illinois and needs the constitutional amendment to get it done. Pritzker can muzzle Frerichs all he wants, but the secret is already out."

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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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