Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer
April 3, 2026
9 Comments
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.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them.
Taking his marching orders from the mayor. Didn’t explain what occurred 15 – 20 minutes prior to the start of his timeline. His troops wouldn’t be so pissed if it wasn’t true. Disgraceful!
That’s right, Larry.. Let the feds shoot it out with the people attacking them. Not a good scene, especially when a forceful CPD presence might deter the violence.
I was just thinking. If all the law enforcement units worked together how safe do you think the city would be ? Let’s try it .
Snelling said “they” can use deadly force to stop you. He said nothing about local law enforcement helping them. I hope this wasn’t as disgraceful as it sounds.
If the CPD is keeping the peace at the ICE protests, with their limited staffing that means they won’t be able to keep the peace on the South and West sides!
Those peaceful areas might get unpeaceful! Oh no!
Time to turn the Shot Spotter back on!