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If passed, Bring Chicago Home would increase the tax rate buyers pay on property sales over $1 million, with the additional funds dedicated to providing permanent affordable housing and wraparound services for unhoused Chicagoans.
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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Immigrants are the new Chicago; most others are leaving for good reason. Be happy they are here; without them the Chitty would die a slow painful death.
Either we get border enforcement or America gets destroyed. End of story.
And Mark, we don’t need to “feed the beast” of the bloated and corrupt “Homeless – Industrial Complex” any more than we are already doing…
Living in Evanston and seeing how the local homeless “non – profit” outfit Connections for the Homeless has connived with Evanston city government to operate “homeless services” has been *really* eye – opening. I also once worked for Connections, and it is frightening to see how easily such a corrupt organization – with the very willing malfeasance of “woke” elected officials – can quickly destroy what was once a nice quality of life in Evanston…
Spot on GM. Living in Bowmanville is close enough to Evanston that I’ve watched it change over the years and not for the better. Oak Park has becomeva train wreck too.
We continue to experience realization of the great liberal death wish. https://imprimis.hillsdale.edu/the-great-liberal-death-wish/