-- Connecting the dots between our economy, government and business --
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Obama tried pulling this years ago. https://www.investors.com/politics/policy-analysis/obama-hud-fair-housing-rules-mandates-neighborhood-diversity/
The abolition of single family zoning laws has been a pet project of the nutty progressive intelligentsia and thought leaders for about a decade now. Its absolutely insane that the state will force communities to permit four unit apartment buildings or condos on any lot larger than 5,000 sq feet, in any neighborhood, for any reason, regardless of parking, access, schools. I think JB Pritzker jumped the shark on this one. Normal people don’t want to live next to four flats in single family zoned suburbs, which is a majority of the state. Local democrats politicians are screaming right now… Read more »
You have got to be kidding. A lot in the near suburbs could be 50X155=7750 square feet. Currently, that allows for a single driveway to the backyard and minimal room on either side of the house. According to this article, a builder could erect an 8 flat on it – and the village would have to accept it?
The Dems really are this stupid. Seems like they just want to dismantle what is left of livability in the state. What could go wrong?
Villages better push back hard on this one.
This is one of the dirtiest power plays I’ve ever seen! Communists are eating their own! Hey under boss comrades, billionaire Pritzker thinks you are in his way! Pritzker needs your tribute and territory, but not your service. LOL. It’s Trump’s fault. It’s only temporary.
Another power grab by Pritzker and Springfield. Windmills can be erected anywhere they want now, with counties unable to have any say in permitting. Now he’s taking over control of local zoning (to call it a proposal is a farce, it’ll pass at 2AM in a shell bill). He is slowing walking over all local control, anything your town wants to do will have to be first blessed by the billionaire.This is dangerous.
Has to have homes for the ILLEGALS again at TAXPAYERS EXPENSE. How about putting the ILLEGALS in YOUR HOTELS ???
Absolutely crazy stop this bastard now, all local governments need to stand up and get this stopped before the Mad man does more damage, November send this Authoritarian packing.
It’s called “Home Rule” Governor. Might want to look it up
BUILD really means BUrning ILlinois Down
What?!!!? Take away local control so Springfield will dictate where to put multi-family, low income housing wherever they want. More Neo-Marxism.
This helps to move the cities school funding problems to the suburbs.