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A co-sponsor of the proposed resolution, Commissioner Larry Suffredin, D-Evanston, said there’s “more stability in giving a longer time frame now that we understand what’s happening” with the virus and what impact it will have on the county. “If we’re meeting as we are now, we can always repeal this,” Suffredin said.
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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https://www.mom-at-arms.com/post/illinois-governor-pritzker-backed-companies-profiting-off-of-covid-19
It seems to me that the order is being extended not as a power grab, but rather, as a way to deal with their own incompetence and negligence. The county buildings and the courts have been shut down since March. They’re supposed to open in two weeks. I have not seen anything, anywhere, explaining a plan to stagger court schedules, admit access to the disgustingly grimy courthouses, reopen the county building, those buttons in the elevator are gross gross gross. They’re basically been sitting on their hands for 6 weeks now not preparing for anything, and suddenly they’re like “ooops,… Read more »