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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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The Illinois state law exploring state government intervention (“public policy”) in the local press is Public Act 102-0569 (Senate Bill 134). The Governor signed the bill into law on August 23, 2021. https://www.ilga.gov/legislation/billstatus.asp?DocNum=0134&GAID=16&GA=102&DocTypeID=SB&LegID=128690&SessionID=110&SpecSess= The effective date of the law is January 1, 2022. “Appointments shall be made no later than 30 days following the effective date of this Act.” So appointments to the Local Journalism Task Force are due by January 31, 2022. The State of Illinois maintains an “Illinois Board, Commission, Task Force and Council List.” https://www2.illinois.gov/sites/bac/SitePages/AppointmentsListing.aspx. To date, 5 of the 13 members have been appointed to the… Read more »
Another Task Force! It will never end. There should be a joke about that. How many task forces are in Illinois? How high can you count? Exception. If you are a Chicago public school student the answer would be 4 or 5 tops based on the recent math proficiency results.
How many task forces does it take in Illinois to get the JOB done, obviously it takes many, problem is nothing absolutely nothing is getting done except what the evil Springfield politicians want done to better themselves and themselves only.
Who will oversee all the Task Forces? SUPER Task Force of course.
Traditional media don’t push a political agenda? What planet is he on? And he starts out with the tagline of The Washington Post, which is among the worst.