Local communities have yet to claim majority of federal CARES Act money – Center Square

The Department of Commerce and Economic Opportunity said, as of Sept. 24, it had distributed $1.3 million of the $250 million. Department officials said additional applications were under review. Any funds not claimed would go back into the state’s coffers for COVID-19 related use.

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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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