Rockford sees public pensions eat nearly 40% of municipal property taxes – Illinois Policy

For Rockford to avoid running out of money in five years, the city would have to eliminate 40 sworn police officers, close an entire fire station, freeze all city employee wages to 2019 rates, and even sell its water system, consultants in 2018 advised if the city were to continue absorbing rising pension costs. These were just a few of the cuts needed to avoid fiscal disaster.
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OutofChiraq
4 years ago

Has Rockford or any city stopped offering a pension to new hires?
That would be a good start

Admin
4 years ago
Reply to  OutofChiraq

Sorry, state mandate says can’t do that.

Bross
4 years ago

Why fix anything. Let it burn down…sad. Really sad.

Les
4 years ago

While it’s not a fix, perhaps pension payments can be frozen if pensioners move out of state.

Pensions Paid First
4 years ago
Reply to  Les

Pensioners don’t lose contractual rights simply for moving to another state.

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