Homewood considers 2025 tax levy options among rising pension costs – Homewood-Flossmoor Chronicle
The need to increase property tax is due to Illinois requiring local police and fire pension funds to reach 90 percent funding by 2040. Homewood’s Police Pension Fund currently is funded at 55 percent, and the Fire Pension Fund is at 72.2 percent. The village must contribute $2.98 million to the police fund and $985,580 to the fire fund next year to stay on track.
“Here’s the whole saga in one sentence: Chicago sold a long-term, flexible revenue source to solve a short-term cash problem, at a discount, under rushed conditions, for an absurdly long term.”
“Do these trustees have no shame? What is the point of flying to Hawaii during a school week while the Pension Fund is woefully underfunded at a 48 percent ratio and most teachers today earn a far diminished pension or no pension at all.”
“There’s something very special about the government in Florida and their focus on delivering traditional values for the community,” Griffin said at an event organized by the Economic Club of Miami several months after making the announcement.
Judges saw missed court dates, new arrests, and multiple violations of pretrial release conditions. Yet each time, he was allowed out, although he was often supposed to be on electronic monitoring, even after he failed to comply with that program.