Unemployment debt not in state budget, but closing tax incentives included – Center Square

House Majority Leader Greg Harris said the budget spends $42.3 billion based on $41.3 billion in revenue. “There are no tax increases in this budget We pay down $2 billion in debt and we pay our interfund borrowing. We fully fund the evidence based [K-12 school funding] model.” Republicans say that represents a $1 billion deficit.

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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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