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Lightfoot said the infrastructure plan took “an equity-focused approach to address long-standing and persistent injustices of inequitable distribution of resources in the City of Chicago.” But Ald. Brian Hopkins said, “This has been one of the most opaque capital bills I have ever seen...We are just not given anywhere near the amount of information that we’re entitled to to make decisions.”
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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Bry, why do you think these crooks would WANT to give you enough information to make a rational decision? Their entire existence is based on obfuscation and half-truths…
It’s deliberately opaque, it’s Lori’s retirement fund. She’s the face of Chicago and representative of the democrats. The red wave will be blamed on Lori. She’s being setup as the unspecified chump/scapegoat.