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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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Lori has gone delusional. She’ll soon go mibby like a daley and claim lifelong disability and become a CNN pundit.
They have to reimagine it? What happened, did they imagine it the wrong way the first time?
Busy theatre. Let’s get everyone excited about something no one will patronize. Well done mayor.
“Richard Price, chairman and CEO of Mesirow financial services, will lead the working group, Lightfoot’s office said. Price said that the group plans to develop the list of recommendations by this summer…”
All of this is USELESS until the crime and violence issues are directly addressed – who wants to go there when wildings and homelessness are “the main attractions”…!!!???
And I don’t suppose that Mesirow Financial Services will have any involvement in the tremendous construction activities recommended by this committee, Right? LL has just shown shown who some of the first beneficiaries will be. Richard Price is now LLs “Designated Insider.”
I know, build a GA airport on the lakefront.
If the Bears leave, which I hope they do, then keeping George Lucas from building his museum will look like a pretty bad decision.
The museum campus is difficult to access and expensive to visit. Who wants to go there these days.
Start with the Art Museum.