Amendment 1 would take away taxpayers’ voice in state government
Amendment 1 would take away taxpayers’ voice in state government
The proposed constitutional amendment would put union contracts above the interests of future taxpayers and voters
The proposed constitutional amendment would put union contracts above the interests of future taxpayers and voters
Illinois test scores lag nearby states as administrative bloat keeps money from classrooms
The state’s newly adopted clean energy policy adds new incentives for electric vehicles and charging stations for buyers and manufacturers.
A new report from watchdog Truth in Accounting shows each taxpayer’s share of state debt has nearly doubled since 2009 to $57,000 as total debt increased by $10 billion—mostly due to pension obligations.
The mayor’s Chicago budget plan includes a $76.5 million property tax hike despite $3.5 billion in federal aid and funds permanent programs with temporary revenues but includes no push to fix pensions.
Soldier Field is the NFL’s oldest stadium and home to the bears since 1971. Though their city contract runs through 2033, many expect the team will move to the suburbs after the purchase of Arlington Park in the northwest suburbs.
As enrollment declines CPS may lose its spot as the third-largest school district nationally, yet spending increases continue.
“The pension problem is Illinois is multi-faceted and misunderstood.”
Guest: Adam Schuster
Rapidly rising property taxes and growing pension costs leave homeowners asked to pay more to get less. Relief requires structural pension reform, starting with a constitutional amendment.
During the past decade, one of the few taxpayer-supported local history museums in Illinois collected over $2 million. That is ending, but not before another $300,000 in taxes is handed to the museum.
An underused airport near Belleville, Illinois, has required local taxpayers to chip in $119.5 million since 2002 to keep it operating. Even with pandemic money, 2020 was even worse.
Quincy property taxes do not generate enough to fund the municipal pension costs. Even with that heavy burden, there is so much state and local pension debt that the average Quincy household owns more than $35,600.