State unemployment sees slight decrease, remains high as virus cases level – Capitol News

A decrease of more than 1,000 new unemployment claims from the previous week represented a 0.7 percentage point decrease to the state unemployment rate, which was 14.6 percent, according to the Illinois Department of Employment Security.

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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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