SPRINGFIELD — Thursday marked another day of activity but little visible movement in the state Capitol. The House Revenue and Finance committee began hearing testimony on a call from the city of Chicago for an increase in the general homestead property tax exemption, or amount the state subtracts from homeowner’s assessed valuation as a form of tax break.
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.
CHICAGO - While the Illinois Citizens Utility Board caught some development and policy experts off guard with its support of the potentially pricey Clean Jobs Bill earlier this year, Dan Proft of the Illinois Opportunity Project contends that he wasn’t surprised. “Sometimes they’ll tilt at windmills, figuratively and literally, if it means sticking it to ComEd,” he said.