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.
Brendan Bakala, Illinois Policy Institute News
Some Madison County townships could see their costs go up, which could drive up property taxes.
Belleville residents had the opportunity to sound off at a public hearing regarding a proposed 11.98 percent increase in the city’s property tax levy.
The politically motivated freeze would not address key cost drivers or protect Illinois homeowners from property tax increases.
State and local costs for workers’ compensation are out of line with what other states pay.
Pressure is mounting on lawmakers in Springfield to go along with a “compromise” budget plan that would raise income taxes on every Illinoisan. Illinois Senate President John Cullerton, D-Chicago, and Minority Leader Christine Radogno, R-Lemont, have thrown their support behind a proposed budget plan that would raise state income taxes to 4.95 percent from the current level of 3.75 percent.
Though spending on government-worker salaries and pensions has grown at a rapid rate, many service providers and grant recipients are still awaiting payment.
2016 was a tough year for the owners of 671 Lincoln Ave. The red-brick, Georgian house in Winnetka, Ill., was made famous by the 1990 Christmas hit, “Home Alone,” but in real life, it’s not crowbar-wielding burglars coming for the family’s money, but the Cook County government.
Illinois’ unpaid bills could reach new highs by summer 2017.