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Amendment 1 is scheduled to be on the Nov. 8 ballot after a petition filed by parents and teachers from Chicago Public Schools to remove it from the ballot was blocked by a Sangamon County Judge last month.
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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Fortunately, government employees are so pervasive throuhgout the state, everyone resident seems to know one, and is angry at their pension. This is going to go down in flames.
Gee, I wonder if CPS is a selling point on real estate listing.
Griffin’s absence leaves a huge gap in funding opposition to these ballot measures.
Wish Griffin would meddle from afar – we’re going to miss his standing up against this union tyranny.
Sick of the self-serving heat from public unions like the CPS. Your time is fading, even if it takes massive out migration to drive, eventually, some “reverse-heat”.