-- 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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Since FOP just won in court “right to arbitration” and/or maybe “right to arbitration” is included in new FOP contract how can city take away, or diminish, “right to arbitration” under newly passes Amendment 1? Catanzara’s already threatening to battle it out in courts…the cities political theater cop reform “constitutional policing” council is dead even as CTU/Brandon is raising its budget by $millions (18%)..what a waste.