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.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Has Rockford or any city stopped offering a pension to new hires?
That would be a good start
Sorry, state mandate says can’t do that.
Why fix anything. Let it burn down…sad. Really sad.
While it’s not a fix, perhaps pension payments can be frozen if pensioners move out of state.
Pensioners don’t lose contractual rights simply for moving to another state.