As local leaders reach an agreement with the city’s public safety unions, the retirement security of Carbondale’s police and fire workers slides further out of reach.
East St. Louis’ police and fire pension funds experienced large funding shortfalls in 2016, putting the city at risk of revenue garnishment from the state comptroller’s office.
In 2017 alone, Lake County billed homeowners $1.8 billion in property taxes. Owners of a median-valued home in Lake Forest received a $13,600 property tax bill.
Most of the proceeds from the sale of Alton's sewer system and water treatment plant would go toward combined police and fire pension debt of more than $113 million.
A joint service agreement between two fire departments could save Lake Bluff more than $500,000 over five years, once fully implemented. The plan would be a welcome change of pace for residents, as Lake County homeowners pay some of the highest property taxes in the nation.
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.