Illinois is the second-most corrupt state in the nation, according to the University of Illinois-Chicago. And corruption costs the state economy at least $550 million per year. But the size and scope of government corruption is nothing new for Illinoisans. What is new? Powerful Illinois lawmakers, Chicago aldermen, local mayors and business interests are involved...View Report
Illinois Senate President John Cullerton is championing a bill to merge more than 640 local police and fire pension funds into two investment pools. With lawmakers returning to Springfield for veto session, action on the bill may be near.
Pension benefits consume 25% of Chicago Public Schools’ budget. The new Chicago Teachers Union contract increases bankable sick days six-fold, increasing pension costs and taking more from classrooms.
After retiring at age 55, the average Chicago teacher just takes five months to get back everything they contributed toward their pension during their career.
If Illinois groups could come together to bring the same enthusiasm and support to a constitutional amendment, the state could fix its pension problem once and for all.
City pension contributions are set to spike by $1 billion over just four years. Taxpayers cannot afford the entire burden of fixing city finances.
High property tax bills suppress Illinois housing demand, slowing average growth in home values when compared to the rest of the nation.
The Chicago Teachers Union went on strike despite an offer that would boost average pay to nearly $100,000. Here’s who is getting hurt and the true costs of the strike.
East St. Louis is short $9.5 million between a budget deficit and back payments owed to its fire and police pensions. As a result, city leaders are closing a firehouse and laying off nine firefighters.
Consolidating downstate and suburban police and fire pension systems is a start, but both fixes and Illinois’ pension problems go much deeper.
Illinois’ overabundance of local government layers provides ample room to consolidate and save property taxes.