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
Property taxes in Illinois are nearly double the national average. Until state lawmakers trim down thousands of local governments and pursue pension reform, those bills wills remain high.
Illinois could put $708 million more toward classrooms or property tax relief if it reduced school district bureaucracy to national average.
Despite shrinking populations of students and teachers, Illinois school districts have continued to grow their administrative bodies.
More than 9,000 Illinois school district administrators earn more than $100,000 a year. Each of them will collect at least $3 million in pension benefits during retirement.
Growing pension costs for retired educators are quickly crowding the classroom out of Illinois budgets.
There should be no compromise with those who are looking out for their own bottom line above the good of the state.
An Illinois House bill that would allow more education funding dollars reach the classroom before getting trapped in administration has earned support from both parties – and the opposition of administrators.
By reducing administrative bloat in Illinois school districts, the bill would enable property tax relief while ensuring education dollars reach students and classrooms first, rather than bureaucrats.