It Ain’t Over ’Til It’s Over: Ending (?) the Narrative about the <i>Chicago Tribune</i> and the Battle of Midway

Washburn, Patrick S.; Sweeney, Michael S.

doi:10.1080/08821127.2018.1491207

Cited by 1 publication

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“…White residents and the media blamed not the housing programs, but people, especially African American women (Taylor, 2019). By the mid-1970s, local newspapers were running stories about the rise of abandoned properties in the south suburbs, and the growing perception that the area was blighted (Satter, 1974; Washburn, 1978). Due to the white flight of industries and residents, along with racist housing policies, the economic conditions of Harvey deteriorated while its Black population grew.…”

Section: A Vicious Cycle: Pension Intercept In the City Of Harveymentioning

confidence: 99%

A vicious cycle: Fiscal intervention, pension underfunding, and instability in (re)making racialized geographies

2022

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The 2008 financial crisis had profound impacts on government finances across the United States, including a lasting decrease in public pension funding levels. Today state and local governments in the United States have trillions of dollars in unfunded public pension liabilities, and the financial condition of pension systems has material impacts on borrowing costs, service delivery, and taxation, as well as retirement security. Local governments have been tasked with shoring up their pension systems while also grappling with sluggish revenue recovery, a situation that compounds already existing fiscal issues. Building on extant scholarship on crisis, austerity urbanism, and pragmatic municipalism, we examine the practice of “shorting” pension systems among Illinois municipalities and a state law meant to strengthen the fiscal health of local pension systems by curbing that practice. Using the case of the City of Harvey, a suburb of Chicago, we show how municipal finance and seemingly neutral policies aimed at ensuring fiscal health can trigger austerity actions that deepen fiscal stress for racialized communities. By examining Illinois’ pension fund landscape and proposing avenues for further research, we contribute to larger conversations about how governance, property, and pensions are inextricably intertwined with persistent racial inequality.

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Section: A Vicious Cycle: Pension Intercept In the City Of Harveymentioning

confidence: 99%