-- 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.
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Astounding that Covid Pandemic has legitimized rent-delinquent tenants to remain rent-free in their homes while landlords are left uncompensated and yet still stuck with tax bill, utility charges, and often mortgage cost too. Many Chicago residential landlords are owner-occupants of their two-flats and three-flats, now stuck with emboldened delinquent tenants, with no recourse for eviction award.
Where is the free legal aid for Landlords who have to deal with tenants who will not pay their rents or destroy the places that are being rented to them?
People who failed to pay rent they could afford while relying on eviction moratorium should be blackballed and landlords should have the right to take them to court and examine their finances. Getting that type of opportunist out of the rental market would make things better for both landlords and other tenants.
Do the owners of a property who do not have renters get free legal advice if they cannot pay or are behind in their property taxes and may face a tax sale.? Interest on late fees amount to 1.5% per month or 18% per year which is close to credit card fees. .
IANAL but here is a free legal advice: PAY YOUR TAXES hahahha