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Archive for the ‘Pension Funding’ Category

Village Board of Trustees meet tonight

Posted in Aunt Blabby, BACOG, Board of Health, Building Department, Clown Car, ePacket Agendas, Equestrian Commission, Ethics, Finance Committee, Financial Reports, Insurance Committee, Intergovernmental agreements (IGA), Little Duck Butt, Minutes, OMA, Pension Funding, Plan Commission, Police Pension Board, Police Reports, Politics, Property Taxes, Public Safety, Real Estate, Road construction, Roads & Bridges Committee, Taxes, The Land We Love Run, Tree Preservation Ordinance, Unions, VBHPD, Village Attorney, Village Board, Village Clerk, Village Code, Village Director of Administration, Village Engineer, Village President, Village Treasurer, Yabba Dabba Doo, Zoning Board on April 27, 2026| Leave a Comment »

The Village Board of Trustees will be conducting their regular monthly meeting this evening beginning at 6:30 PM. Topics on their agenda include:

A copy of their agenda, including info on listening to the meeting, can be viewed and downloaded here.

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IRS: Illinois led nation in rate of income loss in 2023

Posted in Diversity, Equity and Inclusion (DEI), Dumb and Dumber, Economy, FUBAR, Illinois Policy Institute, Mad Cows, New Normal?, Pension Funding, Politics, Taxes on April 23, 2026| 1 Comment »

By Bryce Hill | Illinois Policy Institute

Illinois lost a larger share of income from outmigration than any other state in 2023, according to IRS data.

Federal tax returns show that Illinois lost a net of nearly 56,000 residents and more than $6 billion in income in 2023, the latest data available. When adjusting for total income per state, Illinois’ losses to net outmigration are the worst in the country — more than $11 for every $1,000 previously earned in the state.

While California ($13 billion) and New York ($10.6 billion) lost more income from outmigration, Illinois lost the largest share of a state total.

Meanwhile, South Carolina and Florida, two of the top three states adding the most total income from people moving in, also added the most as a share of their total income.

Part of why Illinois sees so much wealth flight is that high-income Illinoisans are leaving at twice the rate of other groups. People in all income brackets are moving out of the state, but those earning more than $200,000 a year have been leaving the fastest.

Article continues here.

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Barrington Countryside Fire Protection District Board meets tonight

Posted in Agendas, BCFPD, Intergovernmental agreements (IGA), Jewel-Osco, Open Meetings Act, Overhead, Pension Funding, Politics, Property Taxes, Public Safety, Real Estate, Taxes, Transparency, Unions, VBHPD on April 20, 2026| Leave a Comment »

The lease on the BCFPD fire station adjacent to Village Hall is being reviewed according to their agenda. | Courtesy Google maps

The Barrington Countryside Fire Protection District (BCFPD) Board of Trustees meets this evening at 6:30 PM at 22222 N. Pepper Road in Lake Barrington. Topics on their agenda include:

  • Station 37 (Barrington Hills) Lease Review
  • Local Incident Management Assistance Team (IMAT) (Type IV) Memorandum of Understanding

A copy of their agenda can be viewed here.

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‘Toll-Free in ’73’? Illinois tolls cost drivers $27 billion since then

Posted in Illinois Policy Institute, Illinois Tollway, Pension Funding, Politics, Public Safety, Road construction, Springfield, Taxes, Unions on April 13, 2026| Leave a Comment »

Drivers paid nearly $27 billion in tolls from 2024 back to 1973, the year the roads were to become toll-free. Now the largest passenger toll hike in Illinois history is possible.

By Patrick Andriesen | Illinois Policy Institute

In the 53 years since they were supposed to become free, drivers have paid nearly $27 billion to use Illinois’ toll roads.

Those drivers now face the possibility of the largest passenger toll increase in state history.

In a move to gain union support, last year’s transit bailout bill allows the Illinois State Toll Highway Authority board to implement a hike that could raise $1 billion more in tolls a year starting in 2027.

Passenger drivers could see an increase of 45 cents per toll, driving the average up to $1.24, based on the most recent data. Commercial tolls could rise 30%.

That’s despite the fact that since 1973, the authority has collected more in tolls each year than it needed to operate and maintain the system. The agency reported more revenue from tolls in 2024 than any year in the tollway’s history.

For a hike to take effect Jan. 1, the board must vote by Dec. 2.

Record toll revenue in 2024

Illinois has five toll roads totaling almost 300 miles, mainly in Northern Illinois. The tollway authority took in nearly $1.44 billion in tolls in 2024, the most in any year since tolls were first charged in 1959.

Commercial drivers paid $742 million of that, again more than any other year in the tollway’s history, and passenger drivers paid $697 million. The total of almost $1.44 doesn’t count revenue recovered from fare evasion and penalties.

Article continues here.

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District 220 Board of Education meets tomorrow

Posted in 220, Agendas, Barrington Education Association, Big Brother, Board of Education, Deception, District 220 referendum, Diversity, Equity and Inclusion (DEI), Education, Elections, Ethics, His Master's Voice, Illinois Federation of Teachers, Look For The Union Label, Overhead, Pension Funding, Politics, Pritzker’s Rules of Order, Property Taxes, Real Estate, School Districts, South Barrington, Taxes, Traffic, Transparency, Unions, What the Ficke (Bradford)? on April 6, 2026| Leave a Comment »

 

The District 220 Board of Education meets Tuesday evening at 6:00 PM at the District Administration Center, 515 W. Main Street. Items on their agenda include:

  • FOIA Requests*
  • Personnel Report
  • Resolution abating the working cash fund of the District
  • Consideration to Approve a Resolution Authorizing the Honorable Dismissal Due to Reduction in Force of Part-Time or Full-Time Educational Support Personnel
  • Consideration to Approve a Resolution Authorizing the Honorable Dismissal Due to Reduction in Force of Group 2-4 Certified Staff
  • Consideration to Approve Non-BSEO Classified Staff Compensation and Benefits for the 2026-2027 School Year
  • Consideration to Approve Administrative Compensation and Benefits for the 2026-2027 School Year
  • Consideration to Approve the Adoption of Multi-Year, Performance-Based Contracts for Chad May, BMS-Station Campus Principal; Chelsea Hedges, Assistant Superintendent of HR & Talent Acquisition; Eric Steckling, Director of Communications; Heather Schumacher, Hough Elementary School Principal; Josh Carpenter, Assistant Superintendent of Schools; Melissa Byrne, Assistant Superintendent of Teaching and Learning; Micah Korb, Countryside Elementary School Principal; Michelle Acosta, Early Learning Center Principal; Sarah Rabe, Assistant Superintendent of Instruction & Student Performance; Steve McWilliams, Barrington High School Principal; Peg Lasiewicki, Assistant Superintendent of Student Services & Support; Travis Lobbins, BMS-Prairie Campus Principal
  • Consideration to Adopt Resolution directing the Regional Superintendent of Schools for The County of Lake, Illinois, to certify to the County Clerk of said County the question of imposing a retailers’ occupation tax and a service occupation tax to be used exclusively for school facility purposes, school resource officers, and mental health professionals, for submission to the electors of said County at the general election to be held on the 3rd day of November, 2026 – Resolution – Lake County School Facilities Sales Tax

A copy of the agenda can be viewed here. The meeting will be live streamed on the district YouTube channel.

*Interesting to see NBC Chicago requests.

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In Cook County, 75% of police, fire property taxes go to pensions

Posted in Cook, County, Illinois Policy Institute, Jewel-Osco, Overhead, Pension Funding, Politics, Property Taxes, Taxes, Unions on March 23, 2026| Leave a Comment »

Outside Chicago, only a fourth of municipal property taxes collected this year for police and fire are going to services.

By LyLena Estabine | Illinois Policy Institute

The vast majority of the police and fire levies in last year’s Cook County property tax bills funded pensions, not protection.

The 2024 police and fire levies for cities outside Chicago total $599 million. Just over $450 million of that is for pensions, according to the Illinois Department of Revenue.

First-installment bills are due April 1. Many in the county may still be recovering from the delayed property tax bills that were due Dec. 15. Some of those bills grew by record-setting amounts.

Since 1996, the amount Cook County municipalities outside Chicago have levied to keep up with police and fire pensions has grown by 416%, while the amount levied for services hasn’t even doubled.

The amount going to fund protection increased by about $2 million in 2024 levies over 2023. The amount for pensions rose $27 million.

Police and firemen deserve generous pensions given the risk in their work. But when those benefits become too generous — as they are in Illinois — they undermine retirement security and reduce the amount of money available for service.

Article continues here.

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Chicago careens toward insolvency

Posted in Cook, County, Look For The Union Label, Pension Funding, Politics, Taxes, Unions, Washington Post, Who Cuts Your Hair? on March 16, 2026| Leave a Comment »

Chicago Mayor Brandon Johnson (D) on Feb. 26. (Scott Olson/Getty Images)

Editorial Board | The Washington Post

It takes a long time to kill a city, and the bigger the city, the longer it takes. But Chicago’s “public servants” have done a fine job speeding up the process.

The Windy City was forced this week to put off a planned sale of $292 million in tax-exempt municipal bonds, part of an $800 million debt-service package. Authorities blamed volatility caused by the Iran war, but other bonds were priced without incident.

The truth is it’s never a good time to float the kind of debt Chicago wants. The city seeks to structure bonds to make no payments at all — not even interest — for the first couple years. That obviously raises the overall cost of borrowing.

The city has played this same old game for decades. Keep public-sector unions happy by punting obligations onto future taxpayers. Cover the snowballing costs with more borrowing and short-term fixes, such as the city’s 2008 decision to sell off 75 years worth of parking meter revenue for a one-time, $1.15 billion payment.

Pension payments and debt service now consume almost 40 percent of the city’s operating budget. Seven of the country’s 10 worst-funded pensions are in Chicago. The best of those, the Chicago TranChicago Mayor Brandon Johnson (D) on Feb. 26. (Scott Olson/Getty Images)sit pension, has roughly half the assets needed to pay promised benefits. Those in the worst condition, covering police and firefighters, are now less than 20 percent funded because of a “sweetener” rammed through the state legislature last year.

Last month, two ratings agencies downgraded the city’s debt. The school district’s bonds are already rated as junk. The city council’s laudable rebellion in the fall against the feckless budget proposed by Mayor Brandon Johnson (D), a former organizer for the teachers union, was a hopeful sign, but the modest tweaks they forced him to accept in December won’t change the fiscal trajectory.

Article continues here.

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Editorial: Conservatives aren’t the only ones saying Democrats have a public-sector union problem

Posted in Chicago Tribune, Diversity, Equity and Inclusion (DEI), Look For The Union Label, OP/Ed, Overhead, Pension Funding, Politics, Pritzker’s Rules of Order, Property Taxes, Springfield, Taxes, Unions on February 25, 2026| 1 Comment »

Mayor Brandon Johnson answers questions during a press conference on the fifth floor of City Hall on Feb. 3, 2026. (Eileen T. Meslar/Chicago Tribune)

By The Editorial Board | Chicago Tribune

For years now, conservative voices have railed against the outsize influence of public-sector unions on the running of American cities, with Chicago serving as one of the leading examples. Now, more left-of-center voices are sounding the alarm and saying the stakes for Democrats in charge of America’s largest cities couldn’t be higher.

The highest-profile recent example came Sunday when CNN’s Fareed Zakaria, who hosts a thoughtful Sunday show on issues of the day, aired a segment on blue cities. Pegged off New York City Mayor Zohran Mamdani’s recent $126 billion budget, Zakaria made a stark pronouncement: “Blue cities are out of control. Promising more, spending more, delivering less and pushing off the fiscal problems to some future date.”

Sound like any city you know?

Zakaria isn’t a journalist who routinely trots out Heritage Foundation talking points. He’s a frequent and effective critic of Donald Trump.

He’s not alone. The New York Times on Monday published an op-ed by Nicholas Bagley, law professor at the University of Michigan, and Harvard visiting fellow Robert Gordon headlined, “Mamdani Will Need to Change How He Governs.” The two identify the generous pension benefits city workers receive as a key reason city taxpayers can’t afford their own municipal governments. “The question is whether one segment of workers should retire with greater security than others, at the expense of services the public depends on,” they wrote.

A rhetorical question. No reasonable person (other than maybe the members of these unions) could be in favor of that.

In other words, Democrats, the call now is coming from inside the house.

This page has been making these same arguments for years, so we quote from these sources (and there are others in the center-left lane we could cite) merely to say the alarm bells are ringing ever more shrilly for Democratic politicians like Chicago Mayor Brandon Johnson and, yes, Gov. JB Pritzker. Both continue to saddle taxpayers of the future with paying for the exorbitant promises of today.

Editorial continues here.

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Village Board of Trustees meets Monday

Posted in Aunt Blabby, Building Department, Dumb and Dumber, ePacket Agendas, Ethics, Finance Committee, Financial Reports, Insurance Committee, Intergovernmental agreements (IGA), Little Duck Butt, Minutes, Pension Funding, Plan Commission, Police Pension Board, Police Reports, Politics, Property Taxes, Public Hearing, Public Safety, Real Estate, Roads & Bridges Committee, Taxes, Unions, VBHPD, Village Attorney, Village Board, Village Clerk, Village Code, Village Director of Administration, Village Engineer, Village Government, Village President, Village Treasurer, Zoning Board on February 22, 2026| 1 Comment »

The Village Board of Trustees will be conducting their regular monthly meeting tomorrow evening, February 23rd, beginning at 6:30 PM. Topics on their agenda include:

PUBLIC HEARING

PUBLIC MEETING

A copy of their agenda can be viewed and downloaded here.

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NOTICE OF PUBLIC HEARING Appropriation Ordinance of the Village of Barrington Hills

Posted in Aunt Blabby, Finance Committee, Financial Reports, Pension Funding, Property Taxes, Public Hearing, Roads & Bridges Committee, Taxes, Topics Of Interest, Transparency, Unions, Village Board, Village Government on February 18, 2026| Leave a Comment »

Public Notice is hereby given that at 6:30 PM, on Monday, February 23, 2026, a public hearing will be held by the President and Board of Trustees for the Village of Barrington Hills, Illinois (located in Cook, Kane, Lake and McHenry Counties) in the MacArthur Room at Barrington Hills Village Hall, 112 Algonquin Road, Barrington Hills, Illinois for the purpose of considering the proposed Appropriation Ordinance of the Village of Barrington Hills for the Fiscal Year Commencing January 1, 2026 and ending December 31, 2026.

A copy of the proposed Appropriation Ordinance is available in the Clerk’s office by appointment. All interested parties are invited to attend and will be given an opportunity to submit oral or written comment at that time. Emailed/mailed written comments should be directed to the Village Clerk and received by 5:00 PM, February 23, 2026.

Village Clerk
Village of Barrington Hills
112 Algonquin Road
Barrington Hills, IL 60010
clerk@vbhil.gov

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