Illinois Policy
Another Cook County suburb gives voters say on Illinois issues. Wheeling Township voters will have a chance to weigh in on Illinois state lawmakers imposing unfunded mandates.
Illinois needs responsible Tier 2 pension reform
Nov 14, 2024 · The concern arises because Tier 2’s maximum pensionable salary is growing more slowly than the Social Security wage base. In 2011, both were set at $106,800, but by 2024, the Social Security ...
Illinois may take on massive public pension boost with no clue on …
Apr 23, 2024 · Illinois may take on massive public pension boost with no clue on costs. Several bills that enhance Tier 2 state worker pension benefits, reduce retirement ages, allow for large end-of-career lump ...
Fixing Illinois pension crisis by amending nation’s most-restrictive ...
Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 ...
Illinois state pension debt climbs to $144B
Dec 16, 2024 · Illinois makes some of the largest pension contributions of any state to fund its systems. According to Wirepoints research, the annual average growth rate of Illinois pension assets was 5.5% from ...
Voters in northwest Cook County take up pension crisis, …
6 days ago · Voters in northwest Cook County take up pension crisis, unfunded mandates. Palatine Township voters will take up some of the state’s most urgent issues at the April 1 election, telling state ...
Pensions 101: Understanding Illinois’ massive, government-worker ...
The crisis threatens to burden taxpayers with massive, ever-escalating taxes to bail out a system that is not sustainable – government-worker pensions consume a fourth of the state’s budget.
Regulatory reform can make housing more affordable for Illinois ...
Taxes are an obvious driver of high housing costs in Illinois. The state has the second-highest effective property tax rate in the nation at 2.08%, behind only New Jersey at 2.23%.
2023 Annual Report - Illinois Policy
Illinois ended 2023 with more discouraging news about the nearly 84,000 people who left the Land of Lincoln for other states. Now, as we look ahead, we are more determined than ever to make ...
Policy Research - Illinois Policy
Voters near O’Hare to take up gerrymandering, unfunded mandates. Addison Township voters at the April 1 election will tell state lawmakers where they stand on legislative map gerrymandering and ...