-- 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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High administrative costs . What is the administrative ratio of staff to students ?? Add in all the useless dei hires .
Tuition is only half the story. The libs running the place are hiding the other half of increases in room and board. There is no effort to control costs whatsoever. If they can’t hike tuition, they will ram it through housing. The average taxpayer in Illinois should be able to send their kid there and it should be comparable to other in-state totals costs. According to collegetuitioncompare.com, the average cost for in-state resident tuition is $9,800. That chart says $25,000 for Illinois. And JB really wonders why half of HS students leave the state? The question should be why are… Read more »
That’s ok, the residents/tax payers struggling with high state college costs can eat cake and lump it. Our governor is more focused on making sure there are grants and scholarships and loans for illegals vs. creating more ways Illinois tax payers can afford college for their kids. Absolutely stupid.