Mike “Mish” Shedlock, a senior fellow at the Illinois Policy Institute and financial adviser at Washington state-based Sitka Pacific Capital Management, has independently confirmed that Chicago’s police pension is poised to be broke before 2021.
The Fraternal Order of Police Lodge No. 7, the Chicago Police Department union, responded to projections estimating the Policemen’s Annuity and Benefit Fund of Chicago will require a taxpayer bailout to pay for retiree benefits in four years.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from the Pew Charitable Trusts recently published on the Illinois Policy Institute website.
Traditional news outlets have been resorting to name-calling and disparagement because they fear their way of controlling the narrative is dying, an Illinois Policy Institute writer said on a radio show recently.
A questionable property tax assessment was problem enough for billionaire businessman and Democratic gubernatorial hopeful J.B. Pritzker, but recent FBI tape revelations are sticking with voters, a conservative radio talk show host said recently.
Illinois’ heavily underfunded pension system has left many state pensioners worried about their retirement income, but a recent report from the Illinois Policy Institute reveals that House Speaker Michael Madigan (D-Chicago) and Senate President John Cullerton (D-Chicago) are poised to earn six-figure paychecks when they retire.
The Illinois Policy Institute community raised $5,500 to support the students on the Earle STEM Academy chess team, and the players paid it back by grabbing three trophies at the U.S. Chess Federation SuperNationals in Nashville, Tennessee, recently.
The Earle STEM Academy chess players proved they were no pawns at the U.S. Chess Federation SuperNationals tournament in Nashville, as they captured three trophies over the three-day tournament in early May.
A consortium of Illinois mayors has gone public – to a degree – with its fight against a possible statewide property tax freeze, telling residents that as great as a freeze might sound, it could destroy their communities.