Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Many Illinois municipalities have voted to ban or restrict marijuana sales when it becomes legal for sale. Here’s a list of where pot will, won’t and might be legally bought.
Schaumburg’s village board may have an opportunity to cut its property tax levy, but the village faces a challenge controlling its pension costs.
The highest-earning government employee in at least five municipalities far outpaces what typical local taxpayers in those areas bring in.
One former Schaumburg Park District employee alone has accumulated more than $1 million in pension benefits after retiring at age 55.
Park district documents reveal multiple employees making six-figure salaries.
The defined-benefit pension system threatens the retirement security of government workers, as well as the pocketbooks of overburdened taxpayers.
Village officials in Schaumburg are pushing for $512 million in new property taxes via a Tax Increment Financing, or TIF, district. The taxes would be used to create an entertainment district north of Woodfield Mall. But it’s not just people who pay property taxes in Schaumburg who would foot the bill. TIF districts cause property...