As local leaders reach an agreement with the city’s public safety unions, the retirement security of Carbondale’s police and fire workers slides further out of reach.
East St. Louis’ police and fire pension funds experienced large funding shortfalls in 2016, putting the city at risk of revenue garnishment from the state comptroller’s office.
While details surrounding the ex-official’s separation with the village remain undisclosed to the public, trustees’ approval of his $161,000 severance package went unobstructed.
Under Illinois law, towns that miss required pension contributions risk state intervention. In 2016, Round Lake Park paid less than 40 percent of its required pension contribution.
House Bill 5760 would stop lawmakers’ scheduled cost-of-living adjustment. Illinois lawmakers are the fifth-highest paid state lawmakers in the nation.
Despite living in one of the most overtaxed counties in the country, the Des Plaines City Council approved an $11,255 salary increase for its city manager, raising the cost of government even more for taxpayers.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.