Chicago Park District Pension Deal Struck Down. Now What?
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CHICAGO (CBS) — Fiscal policy groups in Illinois agree the state’s nearly two-year budget quagmire has damaged everything from schools to social service agencies to the state’s bond rating, but take very different views on how to fix the problem.
Ralph Martire, executive director of the
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Ken Davis is joined by Bobby Otter, Budget Director for the Center for Tax and Budget Accountability. They discuss the deeply troubling state of finances at
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While the presidential race dominates headlines, important things are happening at the state and local
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Carol Marin discussd ideas for a bailout of Illinois' pension systems with CTBA Executive Director Ralph Martire, Ted Dabrowski of the Illinois Policy Institute, and Bob Reed from the Better Government Association.
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In coming years, Chicago will need to find billions of dollars in new revenue to stabilize its beleaguered debt and pension obligations. And today there's renewed talk of an idea that has been shot down in the past: a city income tax. How would it work? Is it politically viable? And what would the impact be? The idea has aldermen split.
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Ralph Martire of the bi-partisan Center for Tax and Budget Accountability analyzes the data and explains the fundamental issues that are at the root of the fiscal problems in Illinois impacting education. The conclusion? The deficit and the future of education in Illinois have a solution; the data show us what must be done.