-- 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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Modern technology has made townships relics of the past. Save the funding and lets move on.
Governor JB Pritzker’s idea is a tax-saving measure! Sen. Chapin Rose’s comment that SB 2504 will lead to a massive tax hikes is a lie! Taxpayers in most states do NOT have township government or their 94% property tax burdens. Illinois townships are corrupt Political – Tar- Pits of Cronyism, Nepotism, Patronage and most of all, WASTE!