Illinois House committee discuses potential pension system fixes – WGEM (Quincy)

Mark Fowler is the Executive Director of the Northwest Municipal Conference, which represents cities in the north and northwest suburbs of Chicago. He said the proposals would undo critical reforms that stabilized the state’s pension systems and potential lead to tax increases. “Struggling local governments would need to impose substantial property tax hikes, find alternative revenue streams or cut other services to meet this financial burden,” Fowler said.

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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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