Table set for deal to manage Chicago coronavirus convention losses – The Bond Buyer

The public agency that runs Chicago’s convention center expects to hit the market in September with an up to $200 million deal aimed at softening the COVID-19 pandemic's fiscal blows to its taxes and operations.

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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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