Rahm Emanuel proposes betting and prediction markets tax, defends CPS reforms as he mulls presidential bid – Chicago Sun-Times

Despite the resistance he faced, Emanuel said he asked three mayors, “‘Why don’t you take over your public schools?’ ... And they looked at me and said, ‘We watched what happened to you. Why would we want that?’” Emanuel said, adding that he “had to fight” when union members went to his children’s schools and held signs that read, “Your dad’s an a------" and “Your dad sucks.”
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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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