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.
$4.15 in Beloit with the 5 cent loyalty reward this morning. $4.99 on the Illinois side.
Fear not. Our benevolent leaders are suspending the $.022 tax increase until after the election. That’ll send folks racing to our fair state.