A ballot question asking voters whether to eliminate Capital Township could bring savings to Springfield taxpayers – but that would just be one of many steps worth taking to lower Springfield’s high property taxes.
While often regarded as a duplicative and unnecessary unit of government, former township employees in Illinois have banked more than $273 million in pension benefits since 1998.
Voted out of office in 2017 amid allegations of patronage and waste, Algonquin Township’s former highway commissioner has since found work at neighboring townships – while collecting a handsome pension from his former employer.
The average lifetime pension benefit among the county’s 20 highest-earning municipal retirees is more than $1.2 million, while their average total retirement contribution is less than $75,000.
Active Des Plaines Park District pensioners – including two pension millionaires – have put taxpayers on the hook for more than $7.6 million in pension payouts since 1996.
Less than 50 cents of every additional property tax dollar over the last 20 years went to pay for services that raise home values. Instead, the primary driver of the rise in property taxes was pension costs.