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Kankakee County Democratic State’s Attorney Jim Rowe filed a separate lawsuit Friday against top Democrats, also alleging the passage of the law violates the state Constitution. The other defendants include Illinois Attorney General Kwame Raoul, House Speaker Emanuel “Chris” Welch and Senate President Don Harmon. The complaint in the lawsuit is linked here.
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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