Illinois’ Pension Quicksand: A Quick Way to Measure it – WP Original

  By: Mark Glennon*   For those of you frustrated by obscure pension reporting, here’s a simple way to look just a few numbers and get a pretty good feel on one important measure: How much would it cost per year just to stay even? That is, what does it take from taxpayers to keep a pension from falling further into the abyss? Then, compare that to what taxpayers are actually putting in. I’ll do that for Illinois pensions, which, as you will see, are falling far short.   Start with the unfunded liability. That’s what’s owed for work already

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Tax Illinois drivers by the mile? – Daily Herald

A new proposal to pay for fixing Illinois’ roads could use devices to track how far Illinois drivers have traveled and tax them by the mile. The plan from Senate President John Cullerton, a Chicago Democrat, is aimed at gasoline tax revenues that have fallen as drivers have bought more fuel-efficient cars. Prius owners are the problem, he says.

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