Shell game: Chicago considers plan to borrow $10B to pay off pension debt
Shell game: Chicago considers plan to borrow $10B to pay off pension debt
Previous pension obligation bonds in Illinois have increased costs to taxpayers and done nothing to solve the fiscal challenges created by the pension system.
By Adam Schuster
Illinois state Sen. Dale Fowler pushes bill to undo ‘pension spiking’ restrictions
Illinois state Sen. Dale Fowler pushes bill to undo ‘pension spiking’ restrictions
Senate Bill 3622 would reverse recently passed restrictions on pension spiking, raising the cap on end-of-career salary increases to 6 percent from 3 percent.
By Adam Schuster
30 years later: How Madigan kept the Cubs in the dark
30 years later: How Madigan kept the Cubs in the dark
Thirty years ago Aug. 8, the Chicago Cubs played their first game under lights at Wrigley Field – after first battling Chicago politicians for the right to do so.
St. Clair County property taxes nearly doubled over last 20 years
St. Clair County property taxes nearly doubled over last 20 years
Property taxpayers in St. Clair County have seen home values swamped by property taxes over the past 20 years.
By Vincent Caruso
Pair of Des Plaines park district retirees have taken home $1M each in pension benefits
Pair of Des Plaines park district retirees have taken home $1M each in pension benefits
Active Des Plaines Park District pensioners – including two pension millionaires – have put taxpayers on the hook for more than $7.6 million in pension payouts since 1996.
Nearly 100 Lake County municipal retirees are pension millionaires
Nearly 100 Lake County municipal retirees are pension millionaires
Lake County residents pay some of the highest property taxes in the nation – a burden driven by the growth in pension costs over the last 20 years.
By Austin Berg
Lawsuit seeks to end Burke’s ‘political army’ in Chicago workers’ comp system
Lawsuit seeks to end Burke’s ‘political army’ in Chicago workers’ comp system
Chicago’s longest-serving alderman runs the city’s workers’ comp program without any outside scrutiny. But a new lawsuit aims to change that.
By Austin Berg
Rauner signs pro-growth bill restricting state regulators
Rauner signs pro-growth bill restricting state regulators
State agencies can no longer pile rules and regulations onto Illinois businesses without first taking into account their economic effects.
53,000 Cook County homeowners to receive $19.5M in property tax refunds
53,000 Cook County homeowners to receive $19.5M in property tax refunds
Millions in property tax refunds will go out to Cook County homeowners as early as Aug. 15.
By Chris Lentino
Rauner signs bill relaxing outdated liquor license restrictions
Rauner signs bill relaxing outdated liquor license restrictions
Gov. Bruce Rauner signed Senate Bill 2436 on Aug. 2, a move that will increase local control over liquor licensure.
Report: Recidivism to cost Illinois more than $13B over next 5 years
Report: Recidivism to cost Illinois more than $13B over next 5 years
Even a small decrease in the recidivism rate can yield millions of dollars in taxpayer savings while improving public safety.
By Vincent Caruso
Michael Serrano
Michael Serrano
“I head over to Indiana at least three times a month to get groceries, cigarettes, gas, anything that is taxed less. Part of it is that I’m trying to watch out for my pocketbook, the other part is to just not give any more of my tax dollars to Illinois. “Politicians only care about themselves....