‘We need help’: Rising pension costs, end of Illinois grocery tax raise concerns in Peoria – Peoria Journal Star
Between now and 2040, Peoria owes, roughly, $360 million in public safety pension payments due to a state mandate that police and fire pensions be 90 percent funded by 2040. Peoria will pay $36.2 million toward public safety pensions in 2025, comprising roughly 28.5 percent of the city’s general fund revenue.
Gotion has a substantially identical project underway in Manteno, Illinois, which is likewise heavily opposed, yet Gov. JB Pritzker has expressly refused to answer any questions about it.
Ted joined Dan and Amy to discuss the latest news about the coming part-elected Chicago school board, why it’s likely the CTU will go on strike, what President Trump might say about Chicago during his visit, the latest scandals of Mayor Johnson, and more.