Pension deficits are causing communities to consider more borrowing – and gambling with the proceeds – as pensions continue to consume bigger shares of budgets.
During the past two years, about 80 Illinoisans shared how the COVID-19 pandemic was changing their lives, children’s educations and businesses. Here is how some of them have come through the pandemic, both those who thrived and those who lost.
The village of Skokie issued $176 million in new bonds to fund shortfalls in public safety pensions. The village joins a growing list of municipalities forced to borrow to meet “unsustainable” pension obligations.
A Board of Review employee claims corruption is rampant in his Cook County office after an FBI affidavit states he was charging $2,000 to lower assessment on commercial properties and $1,000 for homes.
With small businesses and seasonal attractions closed, most of Illinois’ youth find themselves spending a summer without a job. COVID-19 isn’t the only reason, however.
A study from WalletHub ranks Illinois 50th-most severe on COVID-19 restrictions on bars and restaurants. 233,500 jobs were lost in that sector since February.
Government corruption is nothing new for Illinoisans. Illinois is the second-most corrupt state in the nation, according to research by the University of Illinois-Chicago. And corruption costs the state economy more than $550 million per year. What is new? Powerful Illinois lawmakers, Chicago aldermen, local mayors and business interests are involved in what appears to be...
Red-light cameras are taking more and more money from Illinois motorists. But dubious safety benefits, a cloud of corruption and a bipartisan bill in Springfield may combine to take them off the streets.
Taxpayers across Illinois oppose a progressive tax but many state lawmakers still refuse to stand up against House Speaker Mike Madigan’s progressive tax push.
A potential 2 percent dine-in tax imposed on Springfield restaurants has yet to be introduced, but the idea - which other towns have tried - is not a welcome one.
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.