If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
State lawmakers should first focus on ways in which they can give local governments more autonomy, rather than adding to the hundreds of unfunded mandates municipalities currently face.
The plaintiffs in the SB 1 case are asking the court to do something extraordinary: to hold, in effect, that pension benefits should receive stronger protection than any other type of constitutional right.
More than 20 police and 10 fire pension funds were less than 30 percent funded in 2012.