Thirty-four of the 35 Kane County police and fire pension funds paid out a total of $53,761,339 in benefits to 966 retirees and inactive recipients in 2016 while gaining $2,148,587 on their investments, according to a Kane County Reporter analysis of the funds' mandated financial filings with the Illinois Department of Insurance.
School students need Illinois to invest in them, not take money away, Tony Sanders, CEO of School District U46, told a House Property Tax Subcommittee on Friday.
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 the Pew Charitable Trusts recently published on the Illinois Policy Institute website.
Rep. Robert Pritchard (R-Hinckley) responded to House Majority Leader Barbara Currie‘s (D-Chicago) call to put down arms on Thursday by agreeing and urging lawmakers to work on the budget.