Tag Archives: Illinois

New census numbers debunk the common perception of exodus (At least for Chicago and Suburbs)

Here in Illinois, there is the common perception that the state faces a crisis of mass exodus due to high property taxes, political corruption, and fiscal challenges. While these problems certainly do exist, recent U.S. Census data indicates the common perception may not be as serious as the reality. First, it is true that IllinoisContinue reading “New census numbers debunk the common perception of exodus (At least for Chicago and Suburbs)”

Dissecting Illinois’ Public Pension Problem Part II: Modeling Pensions

What are Pensions? Pensions are money owed to former public employees as severance to their public service and work. Recipients of these benefits in Illinois include teachers, police, firefighters, state employees, judges, and more. Recipients start collecting this benefit at retirement. How Pensions Work Both the pension recipient and Illinois taxpayers pay into a specificContinue reading “Dissecting Illinois’ Public Pension Problem Part II: Modeling Pensions”