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.
“Let’s review some of the losses:”
You and Jabba did this, Groot. And are STILL actively doing it. Economic devastation by fiat drowning in incompetence.
Ah no big deal…Only $56 per $250k in property value!!! How insulting after a huge increase on all properties and especially NW side.
At least she called out the need for pension reform. Are you listening Springfield?? JB??? You can’t support s**t in this city/state when 1/3 of the taxes go to pensions!!!