CHICAGO—3,597 retired Illinois government employees received over $100,000 in pension benefits for fiscal year 2009, which ended June 30, according to pension researcher, Bill Zettler. This was the 8th annual report by Zettler on the top 100 government pension recipients in Illinois.
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Chicago lost the bid on Friday to host the 2016 Olympic Games. NTUI, in cooperation with organizations such as NoGamesChicago, was at the forefront in opposing the bid, citing the likely cost overruns that would cost taxpayers billions and the risk of terrorism that hosting the Olympics would bring to Chicago.
With the game-playing over, government officials in Chicago and Springfield can stop imagining ways to spend more taxpayer dollars and instead work on reducing government spending and lowering taxes. Reducing the tax burden on families and businesses is the best path to the economic recovery Illinois needs.
On May 30, 2009, the Illinois Senate passed a bill to raise the income tax for individuals, trusts, and estates from 3% to 5%. That’s a 67% income tax increase! The bill would also raise the corporate income tax rate from 7.3% to 9.7%, which will prevent the creation of at least 70,000 jobs. What legislators won’t say is that these tax increases will fund the lavish, gold-plated pensions of government employees.
Download the list to see how every member of the general assembly voted and how you can help stop these bills from becoming law.