Without reforms that level the playing field between the public and private sectors, the cost of Illinois’ public sector workers will continue to damage the state’s labor market, economy and taxpayers.View Report
Chicago’s mayor wants permission from Springfield to impose a new tax on high-end professional services and raise taxes on pricier home sales, as the city faces down a $1 billion deficit.
More than 9,000 Illinois school district administrators earn more than $100,000 a year. Each of them will collect at least $3 million in pension benefits during retirement.
Growing pension costs for retired educators are quickly crowding the classroom out of Illinois budgets.
The village will dedicate an estimated $1.5 million dollars to its police pension fund in 2019 – 9.17% more than it paid last year.
Without true pension reform, property taxes are only bound to continue swamping Cook County homeowners.
Newly retired government workers’ lifetime pension benefits will far exceed what they contributed toward their own retirements
A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.
The budget signed into law by Gov. J.B. Pritzker included a $1,600 pay raise for the Illinois General Assembly – which already collects the nation’s 4th-highest base salary for state lawmakers.
The Chicago Teachers Union is threatening to strike, as negotiations with the city begin to stretch into the coming school year. It would be the union’s third strike in seven years.
The Illinois General Assembly passed budget that included a $1,600 pay raise for state lawmakers, who already rank among the nation’s highest paid.