Return on investment questioned as Chicago Red Line construction begins – Center Square

Illinois Policy Institute policy researcher Ravi Mishra said the cost per mile is more than double the price of similar projects in other cities, and questioned the allocation of almost $1 billion in tax increment financing dollars for the project when Illinois has the highest property taxes in the country.
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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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