* Greg Hinz talks to Bill Daley about his plans if elected mayor…
For instance, Daley said he’s going to count hard on J.B. Pritkzer—”I have no doubt he’s going to be our next governor”—to help the city deal with its huge pension debt, which already has forced up local taxes roughly $1 billion a year and could force another increase of that size by 2023, when the city is supposed to be at the actuarial funding level.
“If the city can’t address its pension plans and bring them to balance, the future of the state is 10 times bleaker,” Daley said. “I think (Pritzker) will work with the mayor to address the issue.”
Yet, he added, “It can’t all be on the taxpayers. Everyone has to have some skin in the game.” Included in is view is labor, despite an Illinois Supreme Court ruling that overruled a pain-sharing deal outgoing Mayor Rahm Emanuel bargained. Daley said he’d start by getting all parties together, and said a negotiated constitutional amendment like one Arizona used to weaken a pension clause similar to the one Illinois has is “always is a possibility.”
Similarly, balancing the city’s budget requires at least considering things such as a commuter tax and head tax, two idea pushed hard by political progressives. “I’m not putting anything off the table now.”
Pritzker has already piled up his spending plans so high that they already top $10 billion by my rough guesstimate. If Daley’s solution is a state bailout, it’s magic beans.
The Arizona model is not a bad idea, though. I even advocated for it over the weekend on Twitter. But it’s dangerous to get too far out in front of any talks with unilateral public demands.
* Cook County Board President Toni Preckwinkle to announce run for Chicago mayor this week
* Bill Daley on bid to replace Emanuel: ‘To be mayor, that would be the greatest’: “And you know, at this stage of my life, this is what I’d like to do for maybe the next four to maybe eight years. If people don’t accept it, I think I’ve had a great life. I’m lucky. But to be mayor, that would be the greatest,” he said.
* ‘I’m not going to change my name’: Bill Daley on why he’s seeking to become family’s third Chicago mayor: “The state of Illinois is great. They had a lot of problems, and I thought I might be able to bring something there, but this is home. This is where I live, this is where I’ve lived and this is where I’ll die,” Daley said. “That’s the difference. I’ve seen my father and brother try to lead this city, the difficulties of it, but the joy they got of trying to make a difference and help people. And the people of Chicago have been extremely good and kind to our family.
* Bill Daley ‘Excited’ for Mayoral Run He Calls Opportunity of a Lifetime: Some political experts have pointed to the Daley legacy as either a strength or a hindrance to his candidacy, but the freshly minted candidate is hopeful that voters will give him a chance to prove that he is just as capable of running the city as his famous family members.
* With Bill Daley running for mayor, it’s good to remember what happened the last time we turned Chicago over to the Daleys: Rahm made about $6.5 million as an investment banker in 2001, the year he helped broker that deal. As for Rauner, his company sold SecurityLink for about $1 billion, roughly six months after it was acquired for about $500 million. So Rauner owes a portion of his fortune to a couple of Democrats named Emanuel and Daley—something to remember the next time you hear Rauner raging against the machine.