-- Connecting the dots between our economy, government and business --
With crime the top issue on the minds of Chicago voters, all eight mayoral challengers have vowed to fire Brown. Lori Lightfoot has promised to retain him. But on Oct. 22, Brown will turn 63, the mandatory retirement age for Chicago police officers and firefighters.
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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My Gosh, and he got so much done too !
Soon to buy a nice luxury home in Punta Gorda, Florida.
Actually he should have never been hired. Why they can never find a native born leader in this town baffles me. Lori also belongs back in Ohio.
Exempt as Superintendent so he can stay forever. He is doing a great job tho……….sarcasm.