Taxpayer Education Foundation Blog

STATE PENSIONS FATTEN WALLETS OF RETIRED ILLINOIS POLITICIANS

Retired Illinois politicians have become pension millionaires and are getting richer by the day, while Illinois taxpayers lose their jobs, get behind on their mortgages and have trouble paying their bills, according to the most recent study of state pensions by the Taxpayer Education Foundation (TEF).

TEF

ILLINOIS ECONOMIC CATASTROPHE DEMANDS TAX CUTS, NOT TAX INCREASES

The coronavirus damage to Illinois’ already-critically-ill economy could push Illinois state pension debt to over $300 billion, according to a recent study published in Wirepoints. The study’s authors based their calculations on figures from Moody’s Investors Service.

PROPERTY TAXES IN ILLINOIS HURT THE STATE’S BUSINESS TAX CLIMATE

A recent report from the Washington-based, nonpartisan Tax Foundation reveals that Illinois property taxes not only have an adverse effect on the state’s business tax climate, but that Illinois is one of the worst states in the country using the foundation’s index.