Quote:
Originally Posted by Vlajos
No, city government is already too costly and we have massive pension debt to get under control. Any tax increase should be solely dedicated to reducing debt.
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Thankfully, there will eventually come a time when the pension debt finally starts declining. For better or for worse, that will happen when the elderly pensioners start dying off.
Given the ridiculous engrainment of the pension system into the Illinois Constitution, there's not much that can be done with this massive albatross around our financial neck, short of a municipal bankruptcy. Hopefully we can somehow keep things afloat until the situation I just described starts occurring.
Aaron (Glowrock)