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.View Report
Seven metro areas across the state lost jobs over the month.
A 2018 budget proposal for Elgin includes a new gas tax, an increase in water and sewer rates, and other tax hikes.
Local pension crises are severely affecting cities, towns and villages across Illinois. Even local governments that have a good track record with transparency and high credit scores are struggling to pay for pensions. Take the AAA-rated city of Elgin, for example. To get its pension system’s funding level up to par, the city would have...