Why Chicago officials like their chances to win major grants in $1 trillion infrastructure bill – Chicago Tribune*

The federal infrastructure legislation sets aside $89 billion in federal transit formula funding; Illinois’ cut of that money is $4 billion. The city’s chances to pursue its most ambitious projects will hinge on the ability of Lightfoot’s administration — with an assist from the state’s congressional delegation — to land additional competitive grants administered by federal agencies in Washington.
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Boscowama
4 years ago

Kill the Build Back Better Boondoggle!

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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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