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.
Duffy threatened to leave a few years ago when a LaSalle Street Tax was proposed. Sooner or later, the Democrats in Chicago and Springfield will pass such a law so why wait? Relocate now to FL, TX, TN or any other business friendly state.