Introduction Big-time college football is big-time business. And with big-time business comes big-time money. The United States is undoubtedly an (American) football nation. When the leaves start to fall, we go giddy for the gridiron. While Chicago may be regarded as a pro-football town, college football is no exception. What is sometimes forgotten is thatContinue reading “The tax funding of Illinois college football programs”
Category Archives: pensions
What’s the controversy with firefighter pensions?
Governor J.B. Pritzker recently signed a bill which alters cost-of-living adjustments (COLA) for firefighter pensions moving forward. At issue was how pension benefits are given to Chicago firefighters. Previously, any Chicago firefighter who was born on or after January 1st received a non-compounded 1.5% COLA with a cumulative cap of 30% (as long as theyContinue reading “What’s the controversy with firefighter pensions?”
Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2010s)
The following is a continuation of Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2000s) Illinois Public Act 96-0889 (2010) This legislation created a new tier of benefits for public employees hired after January 1, 2011 in lieu of the rising liabilities and was signed April 4, 2010 by Governor Quinn. Tier 1 membershipContinue reading “Dissecting Illinois’ Pension Problem Part IV: History of Neglect (The 2010s)”