-- 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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Moved from Frankfort to SC last December. Bought house in 2003 for $309K with annual property tax of $7K. Village built a high school that was essentially never used and property tax increased to $10K with no relief. Sold the house because tax increased to $12K. New house here in Simpsonville has property tax of $2.3K.
ABP.
Anybody but Pritzker.
Vote him OUT.
What’s Pritzker’s middle name again oh ya opportunist
I thought it was Fat Lard?
His middle name is ‘the’, as in JB the Hutt.