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.
What I found lacking in the article is in what areas did the CPI grow faster than the other cities in the survey? Is it rents, grocery prices, energy, car prices, or other? Not many details in either the Center Square article or the Wallthub article.