Pensions consume nearly half of Schaumburg’s property tax levy

11/08/2018

Schaumburg’s village board may have an opportunity to cut its property tax levy, but the village faces a challenge controlling its pension costs.

TAGS: municipal pensions, pension guarantee, pensions, property taxes, Schaumburg, taxes

Nearly 80 percent of Alton property tax levy consumed by pensions

By Vincent Caruso

11/05/2018

The share of Alton’s annual property tax levy going to pension payments has more than doubled over the past decade.

TAGS: Alton, municipal pensions, pension guarantee, pensions, property taxes

Illinois teacher pension fund requests $400M in additional taxpayer contributions

By Adam Schuster

11/02/2018

The pension fund’s request for $4.8 billion in taxpayer contributions for the next budget year, a 10 percent increase from the previous year, highlights the need for pension reform in Illinois.

TAGS: budget, municipal pensions, pension guarantee, pensions, taxes, TRS: Teachers’ Retirement System

Pension funds’ rosy projections spell trouble for Illinois taxpayers

By Bill Reveille

11/02/2018

Overly optimistic expectations about investment returns mean Illinois is understating its pension debt. That could lead to a nasty surprise for future taxpayers.

TAGS: income tax, municipal pensions, pension guarantee, pensions, property taxes, taxes

Highest paid superintendent in Illinois history fired for ‘pay padding’

By Vincent Caruso

11/01/2018

Following an investigation into allegations of “pay padding,” among other offenses, Calumet school district board members dismissed Illinois’ highest-paid superintendent less than a week before retirement.

TAGS: Calumet School District 155, education, municipal pensions, pension guarantee, pensions, Troy Paraday

Voters near Springfield face new property tax to pay for pensions

By Vincent Caruso

10/29/2018

Voters in the village of Jerome, on Springfield’s southwest edge, will decide whether to adopt an additional property tax to pay for public pension contributions.

TAGS: ballot referendums, municipal pensions, pension guarantee, pensions, property taxes, taxes

Moline proposes hiking city’s already-high property taxes

10/23/2018

City officials suggest Moline will face a budget deficit without a property tax hike – which would only worsen the property tax plight of area homeowners.

TAGS: Moline, municipal pensions, pension guarantee, pensions, property taxes, taxes

Lake County ballot question lets voters sound off on statewide property tax proposal

By Vincent Caruso

10/23/2018

An idea to fix Illinois’ fiscal woes with a statewide property tax made headlines in May. Voters in Lake County will be asked whether state lawmakers should have the power to impose such a tax.

TAGS: Lake County, municipal pensions, pension guarantee, pensions, property taxes, taxes

DuPage County voters face ballot question on statewide property tax hike

By Vincent Caruso

10/23/2018

Three economists made headlines in May by suggesting Illinois levy a new, statewide property tax. DuPage County voters Nov. 6 can declare their stance on whether that tax should be an option.

TAGS: ballot referendums, DuPage County, municipal pensions, pension guarantee, pensions, property taxes, taxes

Pensions, debt push Oak Lawn toward ‘junk’ credit rating

By Vincent Caruso

10/21/2018

The Chicago suburb is facing severe fiscal challenges brought about by its unsustainable pension burden and $75 million in debt – a trend that has become too common among Illinois municipalities.

TAGS: budget, credit rating, municipal pensions, Oak Lawn, pension guarantee, pensions, property taxes

pension guarantee

Pensions consume nearly half of Schaumburg’s property tax levy

Nearly 80 percent of Alton property tax levy consumed by pensions

Illinois teacher pension fund requests $400M in additional taxpayer contributions

Pension funds’ rosy projections spell trouble for Illinois taxpayers

Highest paid superintendent in Illinois history fired for ‘pay padding’

Voters near Springfield face new property tax to pay for pensions

Moline proposes hiking city’s already-high property taxes

Lake County ballot question lets voters sound off on statewide property tax proposal

DuPage County voters face ballot question on statewide property tax hike

Pensions, debt push Oak Lawn toward ‘junk’ credit rating

Chicago Forward 2026: A pro-growth plan to end city budget deficits

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students