Spend Federal Relief Funds on Direct Aid to Chicagoans, Progressive Groups Tell City Officials – WTTW (Chicago)

While Lightfoot has yet to detail how she thinks the funds should be spent — federal officials have yet to finalize the rules governing the American Rescue Plan — Ald. Daniel La Spata said he was not willing to wait and said progressive groups would set their own “timetable” to gather community feedback.

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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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