Lightfoot: ‘A mistake’ for downtown aldermen to oppose Michigan Avenue taxing district – Chicago Tribune*

Lightfoot on Tuesday said their opposition and their colleagues’ support of that opposition was “aldermanic prerogative at its worst,” referring to the City Council tradition of members of the body following the wishes of local aldermen on issues affecting their wards.
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anonymous
5 years ago

The way she is going –it will be just buildings and no city.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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