Pritzker faces pressure from Democrats, Republicans over shorting payments to nonprofits – Center Square

“There’s no punishment involved,” Pritzker said Wednesday. “(W)e have to marshal our resources. When someone’s getting direct federal dollars to cover the very same expenses that would have been covered by the state, it seems logical to me for the time being to use those resources to cover other challenges that we have during this very difficult time.”

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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