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Although Mayor Brandon Johnson himself recently hinted toward a more gradual approach amid a projected $538 million budget gap, committee Chair Ald. Rossana Rodriguez Sanchez said the group — christened the “Treatment Not Trauma” coalition — will call for six clinics closed by former Mayor Rahm Emanuel to be reopened over the next four years.
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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