Current lawmakers in the Illinois General Assembly have received $60.2 million in contributions from unions since 2010. Most of that cash went to Democrats.
Illinois state lawmakers had tried to bump their pay by 5.5%, but that violated the state constitution. The must settle for 5%, meaning they will make nearly $90,000 a year.
Being in the top 10 of Illinois’ five statewide pension systems is an investor’s dream and a taxpayer’s nightmare. The median investment is shy of $166,000, but the estimated lifetime payout is $5.5 million.
Former Cook County Commissioner and Chicago Teachers Union lobbyist Brandon Johnson will be sworn in as the 57th mayor of Chicago May 15. Here’s what Chicagoans should know about his political ties, policy proposals and prospects.
The proposal by state Sen. Robert Martwick is intended to fix a technical problem with the Tier 2 pension system, but Martwick said he doesn’t know how much it could cost taxpayers. He said it could be “billions.”
Fifty-six percent of Illinoisans support amending the Illinois Constitution to reform the state’s public pension systems. Illinois has the nation’s least-funded pension plans.
Chicago’s incoming mayor, Brandon Johnson, has a long list of tax proposals for the city, but he will have to get all of them past the City Council and some past the Illinois General Assembly.
Fifty-eight percent of Illinois voters polled said their property taxes don’t provide enough value in public services. Illinoisans pay the second-highest property taxes in the nation.
No other state’s constitution or labor laws are like Illinois’ – broadly allowing government unions to override statutes simply by negotiating contrary provisions into collective bargaining agreements. Illinois may not be alone for long.
A new WalletHub study found the typical household in Illinois pays 15% of its income to state and local taxes, the highest in the nation. That’s an average of $10,463 – a 22% hike since 2017.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...