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.
What is happening with all the tax money from the ever increasing Gas tax? Where exactly is that money? And when exactly will it start to be used to repair the terrible roads in Illinois?
Here we go again stealing money from the fund it was intended for I hope Springfield politicians rot rot rot in hell, trust take it and shove it Welch.