Southwest Illinois area Democrats in the House Jerry Costello (D-Smithton) and Brandon Phelps (D-Harrisburg) recently received letters from the Illinois Republican Party, drawing their attention to the permanent property tax freeze they voted for in January and calling for action on property tax relief now.
Metro East’s 43 police and fire pension funds paid out a total of $39,423,550 in benefits to 965 retirees and inactive recipients in 2016 while losing $3,907,865 on their investments, according to a Metro East Sun analysis of the funds' mandated financial filings with the Illinois Department of Insurance.
Officials in Springfield and around the country are talking about a “pension cliff” and trying to determine what will happen as large numbers of educators become fully vested in school district pension benefit systems.
Democratic state lawmakers showed their true colors in May when they demanded an investigation into an article about apparently doomed school funding reform legislation, a radio show co-host said recently.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from Pew Charitable Trusts recently published on the Illinois Policy Institute website.