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.
Pritzker again talking out of both sides of his ass, didn’t he say corporate loopholes now he does this, Republicans better come to the plate full guns in November 2022
What stinks is when I hear the words abate or abatement. In PTELL counties anyone who gets an abatement for opening a new business or whatever everyone’s tax rate goes up to compensate the loss of revenue. Most people have no clue that this happens.