-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I live in Ogle county and would have no problem with becoming either Wisconsin or Iowan territory.
Same here. I live in Boone and have a rental in Rockford. The good thing is that Ogle did not pas the Ptell referendum years ago. Your taxes should be less than we have. I checked a while back when your tax rate was 7.7% or so Rockford’s was around 15% on 1/3rd value at the same time when values were going down. So people were paying close to or just above $5K per 100K in value minus deductions. Many large stores like Woodman’s were protesting their assessments and winning which then raised the tax rate for everyone else to… Read more »
Never gonna happen. At least not before Pritzker’s 2028 Presidential Campaign is over. Would make JB look bad to national media. Everything that happens in Illinois from now until November 2028 is a Beauty Pageant for JB Pritzker’s presidential Campaign.
Gosh I like this idea. It is so clear, the state is governed by Cook County whims. Pathetic.
It’s not the Cook County legislature, its the Cook/Lake/Will & DuPage legislature, all of which are far left whackjobs now.