Pressured by police pension costs, Norridge trustees voted to hike the village’s property tax levy by more than 35 percent.
Illinois House members voted to override Gov. Rauner’s veto of a bill that would allow a former firefighter serving as a Chicago aldermen to credit his political salary toward a more lucrative fire pension. While just one alderman now qualifies, the bill could extend the perk to more in the future.
After unanimous approval from the Illinois House of Representatives, the Illinois Senate has remained conspicuously silent on a bill meant to address one man’s dominance of a little-known network of government authorities.
A pension plan pushed by one Illinois think tank fails to reform the state’s broken pension system and risks repeating costly mistakes. Gov.-elect J.B. Pritzker shouldn’t be fooled and should instead endorse meaningful, lasting reform.
A trade organization is seeking to insulate the restaurant industry from competition in an Illinois Supreme Court battle over Chicago’s food truck regulations.
Food stamp participation has seen an encouraging decrease, but lagging economic growth leaves Illinois ranked highest among neighboring states in SNAP enrollment.
The average six-figure retiree contributed just over $160,000 toward their own pension over the course of their career.
Chicago suburb failed once, but is trying again to redevelop its downtown and displace a business popular for more than 40 years. Without a developer, they only can hope that if they rebuild it, someone will come.
The city of Peoria’s decision to eliminate 22 firefighter and 16 police positions came after 27 layoffs earlier this year. Both decisions and a proposed $50-$300 fee are because pension spending is crowding out services.
For the second time, Arizona voters approved a constitutional amendment allowing changes to unearned future pension benefits.
A history of tax hikes to prop up unsustainable spending makes Illinois a frosty climate for small businesses.