Flawed property valuations and the process required to fix them are a cash cow for law firms, including those of House Speaker Mike Madigan, Chicago Alderman Ed Burke and Illinois Senate President John Cullerton.
The Illinois Supreme Court ruled in May that pension benefits flowing to government retirees can never be “diminished or impaired.” A new investigation into state and local pension records reveals this ironclad protection can extend beyond the grave. From 2010 to 2014, 11 of Illinois’ 15 largest pension funds paid out $2.2 million in pension benefits to more than 1,000 dead people.
Most Americans think of tax day as April 15. But the tax day that really matters is Tax Freedom Day: April 24. This is the day in 2015 when U.S. workers will have collectively earned enough to foot the nation’s tax bills. Illinoisans, however, will still be working for government nearly a week later.