Tag Archives: Illinois Budget

The Pension Shift Buried in the Illinois Budget

Posted on August 10, 2017 by Steve Reick

As Nancy Pelosi famously said during the Obamacare debate: “(W)e have to pass the bill so you can find out what is in it…” That quote must also be applied to the Budget Implementation Bill (BIMP) passed by the Illinois … Continue reading →

Posted in Education, Property Taxes, Public Pensions | Tagged , | 2 Comments

Frustrated? Call (217) 782-5350. Ask for Mike.

Posted on May 12, 2017 by Steve Reick

We have 19 days until the end of the legislative session, and how have we spent the month of May so far? We didn’t meet at all during the first week, and this past week was spent passing resolutions and … Continue reading →

Posted in Illinois Budget | Tagged , , , | 3 Comments

Illinois Can’t Balance It’s Budget by Taxing Retirement Income

Posted on January 2, 2016 by Steve Reick

Back in December, the Northwest Herald ran a story about a proposal to make retirement income subject to Illinois income tax. On December 2, Rep. Dave McSweeney sponsored House Resolution 890, which states that: “We state our belief that the … Continue reading →

Posted in Public Pensions, Uncategorized | Tagged , , | 2 Comments

19% of Illinois’ Budget Goes to Pensions, and That Number is Going UP

Posted on December 20, 2015 by Steve Reick

24% of Illinois’ 2017 budget will go to fund the state’s 5 pension plans. Is it any wonder that state services are falling by the wayside? Continue reading →

Posted in Public Pensions | Tagged , , | 4 Comments

The Albatross Around Illinois’ Neck

Posted on July 27, 2015 by Steve Reick

When talking about the pension problem in Illinois, everyone focuses on the $100 or so billion underfunding. But the problem is not just the underfunding, it’s the amount the state needs to contribute to the plans each year to move … Continue reading →

Posted in Illinois Budget, Public Pensions | Tagged , , | 4 Comments