Chicago’s pitch to pay down $32B in unfunded pension debt: A casino, state money for CPS and a pass on pension payments

By Benjamin VanMetre

03/19/2015

None of these proposals would even begin to address the Chicago’s pension crisis. The city needs reform, not revenue.

TAGS: Chicago, debt, pensions

Illinois Supreme Court hears arguments in pension case

03/11/2015

Does the Illinois Constitution’s pension clause spell disaster for the state?

TAGS: Illinois Supreme Court, pensions

Pension costs consume 90 cents of every tax-hike dollar

By Benjamin VanMetre

03/11/2015

Missing from the discussion on state revenues is what happened with all the money from Illinois’ last major tax hike.

TAGS: Illinois Supreme Court, pensions

Pension crisis hits home: Wilmette

By Benjamin VanMetre

03/10/2015

Unfunded pension debt for police and fire pension funds in Wilmette has increased by 16 percent since 2009.

TAGS: pensions

Pension crisis hits home: Springfield

By Benjamin VanMetre

03/10/2015

Since 2009, taxpayer contributions to police and fire pensions in Springfield have increased by 44 percent.

TAGS: debt, pensions

Pension crisis hits home: Morton Grove

By Benjamin VanMetre

03/10/2015

Morton Grove's police pension fund has just 54 cents of every dollar it needs in the bank today to meet future pension payments.

TAGS: Morton Grove, pensions

Pension crisis hits home: Arlington Heights

By Benjamin VanMetre

03/10/2015

Whether they realize it or not, taxpayers in Arlington Heights have a lot of experience with the impact of rising pension costs.

TAGS: pensions

Another Illinois town hikes taxes amid skyrocketing pension costs

By Benjamin VanMetre

03/05/2015

Local governments have their hands tied when it comes to pension reform.

TAGS: pensions

Illinois pension plans 39% funded, taxpayers on the hook for $105 billion in liabilities: It will get worse

02/27/2015

Numerous U.S. pension plans are in deep, deep trouble, and Illinois is at the top of the list. Plan assumptions cannot and will not be met.

TAGS: pensions

Moody’s hits Chicago with credit downgrade, cites pensions

By Austin Berg

02/27/2015

Chicago’s credit rating trails only Detroit among major U.S. cities.

TAGS: Chicago, downgrade, pensions

pensions

Chicago’s pitch to pay down $32B in unfunded pension debt: A casino, state money for CPS and a pass on pension payments

Illinois Supreme Court hears arguments in pension case

Pension costs consume 90 cents of every tax-hike dollar

Pension crisis hits home: Wilmette

Pension crisis hits home: Springfield

Pension crisis hits home: Morton Grove

Pension crisis hits home: Arlington Heights

Another Illinois town hikes taxes amid skyrocketing pension costs

Illinois pension plans 39% funded, taxpayers on the hook for $105 billion in liabilities: It will get worse

Moody’s hits Chicago with credit downgrade, cites pensions

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