Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
Politicians pledged to rebuild decaying roads and bridges if taxpayers paid just a little bit more, but too often the funds were misused and the promises meant little.
Each year St. Clair County taxpayers must add money to keep MidAmerica St. Louis Airport open. COVID-19 could turn a hefty financial burden into an albatross.
The former chair of the influential Senate Transportation Committee is the fourth Illinois politician indicted on federal charges amid a sweeping FBI probe.
Lawmakers sold 20 new taxes and fees as necessary to rebuild crumbling roads and bridges and balance the budget. Instead, taxpayers will be funding dog parks, swimming pools, snowmobile paths, a vacant theater and pickleball courts.
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.
The highest-earning government employee in at least five municipalities far outpaces what typical local taxpayers in those areas bring in.
In an effort to close a $7.4 million shortfall, the city of Evanston’s proposed budget for the coming fiscal year includes police and fire cuts along with a string of tax hikes – highlighting the need to trim government waste and push for structural reform in Springfield.
The Lake County village will tap into its savings account to help cover the costs.
The new law ensures public oversight of lucrative contracts, such as the one granted to embattled College of DuPage President Robert Breuder.
More than 1,000 dead Illinoisans received pension payments from 2010 to 2014, according to government records.