Illinoisans are struggling under the highest property tax burdens in the country. Many of the reasons for those high taxes are known – too many local governments, executive pay for local administrators and rising pension costs. What taxpayers don’t know is that local school districts have billions in debt, which drives up property taxes even further....View Report
The Illinois General Assembly passed a budget, including the largest permanent tax hike in state history, without structural spending reforms. Gov. Bruce Rauner vetoed the plan on Independence Day, and the Senate voted to override the governor’s veto. The package now heads to the House for an override vote.
The Illinois Senate on July 4 approved the House’s budget plan, which Gov. Bruce Rauner has said he will veto.
Senate Bill 484 would offer a freeze in name only, as it fails to address the very costs that drive up Illinois homeowners’ property tax bills.
Six days of special session have cost Illinois taxpayers an additional $300,000 for less than 100 minutes of work.
Four days of special session have cost Illinois taxpayers an additional $200,000 for less than 80 minutes of work.
Less than 43 minutes of work over two days has cost Illinois taxpayers $100,000.
Illinois needs to begin an end to its pension crisis by expanding access to a standalone 401(k)-style plan to all government workers; the new proposal by the House GOP does not accomplish this.
After just one year of retirement, Madigan’s annual pension will shoot up to more than $130,000.
The odds Illinois continues without a budget until 2018 increase sharply if nothing passes before the end of May
Illinois Senate President John Cullerton’s pension bill could be unconstitutional, is unfair to workers and based on unproven math, and perpetuates Illinois’ broken pension system.