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.
Im reading articales that states will be awarded fed covid relief base in part on level of unemployment…i.e., or in otherwords blue states like Illinois ( upposed to a Florida) will be rewarded for keeping their shitdowns in place.
True, but Illinois did not come out that far ahead. See the Tax Foundation piece we posted, especially the per capita allocations in their chart.https://taxfoundation.org/state-and-local-aid-american-rescue-plan/ It’s no longer based primarily on population, as it was when we first wrote about it.