-- Connecting the dots between our economy, government and business --
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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Couple that with slightly decreasing statewide public education enrollment.
2016 – 2,041,779
2017 – 2,028,162
2018 – 2,001,548
2019 – 1,984,519
2020 – 1,957,018
Official counts reflect students enrolled as of the last school day in September of the previous year.
School level counts are based on enrollment and exit dates reported for individual students in the ISBE Student Information System. (SIS)
Click the link below to access:
Fast Facts Enrollment Trends (National Center for Education Statistics)
Public School Enrollment (Institute of Education Sciences)
School Enrollment – The United States Census Bureau
https://www.illinoisreportcard.com/State.aspx?source=StudentCharacteristics&source2=Enrollment&Stateid=IL