A proposal co-sponsored by 32 aldermen would mandate the fiscal consequences of ordinances be made transparent.
Six years into retirement, Ron Guenther’s annual pension is more than $470,000 and is set to rise even higher, thanks to 3 percent yearly increases.
Despite increases in city contributions to both its police and fire pension funds, Normal, Illinois’, unfunded police and fire pension liabilities are growing.
Cook County governments have now amassed $139 billion in debt, a 30 percent increase over the last 5 years.
Both Delaware and New Jersey have joined a growing trend away from estate taxes at the state level.
The politically motivated freeze would not address key cost drivers or protect Illinois homeowners from property tax increases.
According to one estimate, Chicago Alderman Ed Burke is trying to cut the property tax bill for Trump Tower by more than $3 million.
As a continuing part of a bad deal, Chicago taxpayers will pay Chicago Parking Meters LLC $20 million.
Nearly three months removed from the initial call for review of the property tax system, Cook County Assessor Joe Berrios refuses to provide a timeline for completion and release.
The state has embarked on a plan to sell more than $6 billion of bonds in order to reduce annual interest payments and help pay off the bill backlog.
The Illinois Sports Facility Authority paid $1.6 million for a September concert at Guaranteed Rate Field, featuring Diddy and Fat Joe, even though it had to cancel the event.
Despite the potential for imposing new costs on school districts, the Illinois House of Representatives overrode Gov. Bruce Rauner’s veto on legislation mandating cursive writing instruction.
Illinois politicians will continue to hail a progressive income tax as a quick fix to the state’s poor spending habits. Don’t be tricked.
Nashville Community High School District 99’s superintendent received a $63,540 bonus after retiring amid a backlash caused by a controversial column in a local newspaper.