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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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Privatization that’s all it takes just like suburbs pay for you own trash pickups
“Tell her to call everybody in Chicago and tell `em they can only have one garbage can. In the suburbs, everybody just has one garbage can. In Chicago, they’ve got three, two. People can’t live with one garbage can in the city of Chicago,” Marcucci said. This is the problem with the city in a nutshell. In the suburbs most people have one can because they actually pay for their garbage at the household level. In my town residents pay about $27 per month for one can (or a sticker charge per can) while Chicago residents pay $9.50 for unlimited… Read more »
Perhaps she wants to be on the garbage trucks and see how things work.
This is BS. The taxpayer is the sacred cow.
Lori is a great mayor. I love her.
The biggest ‘sacred cow’ is the CTU – Why did Lightfoot role over for them?
Totally true and CTU has no intention whatsoever of returning to in class learning. It will be a limited return, phased in maybe next fall at best. And Lori will do nothing, she needs the black vote , SEIU, and CTU to be re-elected.
Seiu & ctu backed prekwinkle. Don’t know what prekwinkle promised ctu last election. Sure tonie still dreams of being mayor