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Proposals include the creation of an Office of Legislative Counsel to analyze legislation and serve as parliamentarian. Said Ald. Matt O’Shea, “We’ve had more than 60 years of mayoral control of the City Council. It’s been too long. I believe it’s time to change and provide an additional check on mayoral power. To officially end what is commonly referred to as the rubber stamp.”
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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