Pension costs ravaging Rockford’s budget as leaders consider police and fire cuts – IL Policy

Since 2013, Rockford’s pension costs have doubled to $18 million from $9 million per year, which has plunged the city’s finances into crisis. Absent drastic changes, Rockford will completely deplete its budget reserves within five years, according to a consultant’s report for the city.
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Freddy
5 years ago

Along with with what you stated Rockford is on a building spree of NON taxable properties including about $750 Mil in new or additions to medical facilities ($505 Mil Mercy health center with $0 in property taxes-$250 mil in new schools- HUD properties including the newly built ” The Grove” 47 units at $12.5M or $150K each plus amenities with no property tax at all. My home is $157K at $6,900 in taxes. This plus more police station and firehouses while people are moving out the city. Home values are still that of the late 1990’s to early 2000’s with… Read more »

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“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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