Oak Lawn officials resist tax increases, service reductions despite credit rating downgrade over mounting pension obligations – Chicago Tribune

 Despite allocating nearly $10 million to funding public safety employee pensions in next year’s budget — a seven-fold increase since 2011 that represents roughly one-sixth of all general fund expenditures — Oak Lawn’s pension burden continues to grow. As a result, Moody’s Dec. 23 downgraded Oak Lawn’s credit rating to junk.
While Moody’s latest downgrade will not spur Oak Lawn to reduce services, Bury said, it could result in the village looking to cut costs through outsourcing.
“No one likes (outsourcing), but it’s what you need to do to reduce costs,” she said. The mayor declined to specify what services might be outsourced, but said officials needed to “re-evaluate the organization” from top to bottom.

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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