Lightfoot Expands Debt Relief to Help Chicagoans Struggling to Pay Their Water Bills – WTTW (Chicago)

A test of the program began in April with 3,315 homeowners. If they make payments for the next 12 months, the city will forgive about $2.9 million in debt, Lightfoot said. Approximately 60% of those participants are seniors.

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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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