The excessive severance package comes as a bill curbing golden parachutes sits in the Illinois House of Representatives.
With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.
Taxpayers in the city of Alton, which has identical borders to that of Alton Township, could see savings through consolidation.
Springfield is struggling to juggle its priorities, with state lawmakers pressing up against time to pass a budget for the coming fiscal year.
Local government leaders across Illinois are asking their state lawmakers to stand up against House Speaker Mike Madigan’s progressive tax push.
Inaccuracy and unfairness in the property tax assessment process mean some homeowners, especially those in poorer areas, pay a disproportionate share of the overall tax burden.
Residents of St. Clair and Madison Counties will soon see some of the nation’s most punishing property tax bills.
Reductions in state subsidies are one reason for Decatur’s predicament, but long-running pension woes are an even larger source of pain.
Residents of St. Clair and Madison Counties will soon see some of the nation’s most punishing property tax bills.
While the county hospital system loses out on revenue, county payroll and retirement costs continue to climb.
The Civic Federation’s criticism of Gov. Bruce Rauner’s proposed budget is a mixed bag, with its own proposals for Illinois’ financial crisis – including nearly $3 billion in tax hikes – missing the mark.
A proposal to levy a statewide 1 percent residential property tax would vault Illinoisans’ property tax burden to the highest of all 50 states.
As local leaders reach an agreement with the city’s public safety unions, the retirement security of Carbondale’s police and fire workers slides further out of reach.
The Decatur City Council moved to stop paying $20,000 to sponsor a golf tournament with the village of Forsyth, a sensible move for a shrinking city operating on a budget deficit.