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The legislation, introduced by 25th Ward Alderman and independent socialist Byron Sigcho-Lopez, would provide at least half a billion dollars every year for affordable housing, education funding, mental health care, and community-based violence prevention.
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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Hmmmm…..I don’t give a fck, I don’t live in the city. I used to spend lots of money in the city. I don’t think I’ve set foot in the city since 2016. Next for Lori?
Just what Chicago should do: model itself on Seattle.
Stupid chickens!
Gee Whiz, why didn’t I think of that. Let’s stick Bezos with the tab for funding Chicago’s progressive agenda.
And he just can’t move to Florida either!
Chase them out of the state. Doing what Illinois does best.