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Saying the village of Dolton has been financially mismanaged into insolvency by scandal-plagued Mayor Tiffany Henyard, attorneys representing families of two men killed in a police chase car crash have asked a Cook County court to potentially order the suburban village to raise taxes on residents to fund a $33.5 million jury verdict the families had won.
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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Isn’t there a saying about blood and turnips?
where’s hollywood….certainly there’s more than enough material for Dolton /Tiffany to get her own netflix mini series.
Seize the entire town of Dolton to pay the judgment, wait a second, the whole place isn’t worth anything