Pension funds’ rosy projections spell trouble for Illinois taxpayers
Pension funds’ rosy projections spell trouble for Illinois taxpayers
Overly optimistic expectations about investment returns mean Illinois is understating its pension debt. That could lead to a nasty surprise for future taxpayers.
By Bill Reveille
Illinois’ private sector jobs growth among worst in the nation since 2017 tax hike
Illinois’ private sector jobs growth among worst in the nation since 2017 tax hike
Jobs growth in Illinois has gone from middle of the pack to back of the line.
By Bryce Hill, Chena Underhill
Sinkhole city: Financial watchdog again gives Chicago an ‘F’ in finances
Sinkhole city: Financial watchdog again gives Chicago an ‘F’ in finances
An annual analysis of Chicago’s finances finds the city’s debt burden continues to weigh heavily on the shoulders of taxpayers.
By Vincent Caruso
Highest paid superintendent in Illinois history fired for ‘pay padding’
Highest paid superintendent in Illinois history fired for ‘pay padding’
Following an investigation into allegations of “pay padding,” among other offenses, Calumet school district board members dismissed Illinois’ highest-paid superintendent less than a week before retirement.
By Vincent Caruso
Nearly half of Illinois House candidates face no opponent
Nearly half of Illinois House candidates face no opponent
House Speaker Mike Madigan has drawn Illinois’ legislative maps for three of the past four decades.
By Austin Berg
Voters near Springfield face new property tax to pay for pensions
Voters near Springfield face new property tax to pay for pensions
Voters in the village of Jerome, on Springfield’s southwest edge, will decide whether to adopt an additional property tax to pay for public pension contributions.
By Vincent Caruso
Park Ridge voters to decide on $350 property tax hike for median homeowner
Park Ridge voters to decide on $350 property tax hike for median homeowner
Voters in Maine Township High School District 207 will consider Nov. 6 whether to approve a $195 million bond referendum to update its three high schools in northern Cook County.
Illinois metro areas gain 800 jobs in September
Illinois metro areas gain 800 jobs in September
While a majority of Illinois’ metro areas experienced expanding payrolls in September, metro areas only gained 800 jobs on net.
By Orphe Divounguy, Bryce Hill
Collinsville area voters to decide whether to eliminate park district
Collinsville area voters to decide whether to eliminate park district
Voters residing in the Collinsville area will consider Nov. 6 whether the Collinsville Area Recreation District should be dissolved.
Village of Rosemont spent more than $64 million on entertainment in 3-year span
Village of Rosemont spent more than $64 million on entertainment in 3-year span
Despite its residents dealing with a high county and state tax burden, the village of Rosemont has spent millions on frivolous entertainment costs in recent years. Taxpayers shelled out $65,000 for pizza joint.
How to make an extra $3 billion, the Illinois way
How to make an extra $3 billion, the Illinois way
AFSCME – the largest government worker union in the state – may pull off one of the most insulting waiting games in state history. The payoff? More than $3 billion, courtesy of Illinois taxpayers.
By Austin Berg