Sheila Weinberg, of Truth in Accounting: "Unfortunately, Springfield is now considering mandating Tier 2 benefit enhancements for Champaign and other cities. But when similar reforms were considered for Chicago’s police and firefighters, the governor and lawmakers acknowledged that they did not fully understand how much unfunded pension debt would be added. ... If similar Tier 2 enhancements were applied to Champaign, the city’s police and firefighter pension debt could grow from $50.2 million to roughly $199 million."
Illinois politicians saying they voted to pass bills in which they did not know what the cost would be? Were all these politicians graduates of Mayor Brandon Johnson’s 4th grade math class?
David F
1 month ago
Ah whats a few more 10’s of Billions to the state deficit….
mqyl
1 month ago
classic State of Illinois SOP: mandate it either without knowing or significantly underestimating the cost to the taxpayer
ahimsa42
1 month ago
lol, quadrupling an already huge pension debt-that is sure to end well.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Illinois politicians saying they voted to pass bills in which they did not know what the cost would be? Were all these politicians graduates of Mayor Brandon Johnson’s 4th grade math class?
Ah whats a few more 10’s of Billions to the state deficit….
classic State of Illinois SOP: mandate it either without knowing or significantly underestimating the cost to the taxpayer
lol, quadrupling an already huge pension debt-that is sure to end well.