Local leaders say more passengers will reduce the need for taxpayer money at MidAmerica St. Louis Airport. But as traffic rises, so too has the tab for St. Clair County taxpayers.
The pension fund’s request for $4.8 billion in taxpayer contributions for the next budget year, a 10 percent increase from the previous year, highlights the need for pension reform in Illinois.
Overly optimistic expectations about investment returns mean Illinois is understating its pension debt. That could lead to a nasty surprise for future taxpayers.
Voters in the village of Jerome, on Springfield’s southwest edge, will decide whether to adopt an additional property tax to pay for public pension contributions.
Voters in Maine Township High School District 207 will consider Nov. 6 whether to approve a $195 million bond referendum to update its three high schools in northern Cook County.
Despite its residents dealing with a high county and state tax burden, the village of Rosemont has spent millions on frivolous entertainment costs in recent years. Taxpayers shelled out $65,000 for pizza joint.