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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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The majority of defendants appear for court and do not commit new crimes while on pretrial release. The dashboards show that 80.4% of people charged with felonies attend all of their scheduled court hearings and that 81.8% of those on pretrial release are not charged with new offenses while out on pretrial release. So put another way, during pretrial release, 1 in 5 defendants disappear and 1 in 5 defendants are charged with more crime. How many defendants commit crimes but don’t get caught? That’s an awful, awful statistic and it’s completely absurd that the Civic Federation can argue with… Read more »
Another mystery. How many on EM are missing and cannot be located? I’ve heard rumors that there are hundreds. There’s over 100 out on EM charged with murder or attempted murder. Meanwhile a homeless guy who pushed a chair towards an alderman gets almost a year in jail. Cook County/Chicago the circus gets better every year.