-- 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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If you notice that full time kindergarten is designed as child care. Why not give up the child at birth? What will the additional costs be to taxpayers? Of course with all the addition kids in school all the budgets will go up accordingly as will taxes.
HB 2396 requires public schools to establish full-day kindergarten by 2027-28, which will boost education while making child care easier for working parents.