Any meaningful property tax relief for Illinoisans means reforming Illinois’ unsustainable public pension system.View Report
Among the 23 former city of Springfield employees who retired at age 50, five have accumulated more than $1 million in pension benefits.
As part of a large and growing property tax bill, Springfield area taxpayers have to bail out the Bank of Springfield Center.
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
Seven metro areas across the state lost jobs over the month.
The city's budget for fiscal year 2019 was accompanied by increases in sales and telecom taxes. But local officials still anticipate a deficit.
A potential 2 percent dine-in tax imposed on Springfield restaurants has yet to be introduced, but the idea - which other towns have tried - is not a welcome one.
Springfield won’t let millions in unpaid utility bills get in the way of nonessential spending.
The culture of silence will end eventually. And when it does, it will be with a deafening roar.
Illinoisans from all areas are leaving the state in droves, and Springfield lawmakers need look no farther than the state capital to see the proof.
The ratings agency cited the city’s “considerable growth” in pension debt in its Oct. 28 downgrade to A3 from A1.