Editorial: New ideas — and a little more hope — for avoiding city layoffs during the pandemic – Chicago Sun-Times*

"We see a common thread in many of the cost-savings suggestions proposed by this editorial page, the CFL and, to a lesser extent, the Progressive Caucus of the City Council: It’s stuff Chicago should be doing even if there were no pandemic. Put it all on the table. Let the best ideas prevail."
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Tom Paine's Ghost
5 years ago

How about layoffs AND cost cutting?

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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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