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The stated goals run the gamut from requiring law enforcement officers to be licensed to expanding career and housing opportunities in the city’s poorer and more violent areas to “enacting equitable public safety legislation on the local, state and federal levels...Put simply, without addressing the root causes of disinvestment, poverty, and inequitable social policies, Chicago’s violence reduction efforts will fail,” the 81-page plan reads.
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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