The state is cutting interest rates on student loans. Can we afford it? – Crain’s

The program, created under the Student Investment Account Act passed in August 2019, is designed to supplement federal and state programs, and also to target Black and Brown communities as well as low-income and first-generation students. The law will let the treasurer invest up to 5 percent of the $16 billion state investment portfolio that he says can’t be used for purposes other than investments anyway.

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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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