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.
AFSCME – the largest government worker union in the state – may pull off one of the most insulting waiting games in state history. The payoff? More than $3 billion, courtesy of Illinois taxpayers.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.