And then there's this:
Illinois is too cash-poor to make its November pension-systems payment of about $560 million, the state’s comptroller said Wednesday.
And, said Comptroller Leslie Munger, that may be the case again in December.
Pension checks will still go out, she said, but the state’s retirement systems will have to dip into the body of their already under-funded accounts.
Wait, there's more good news:
The mayor
presented his plan to City Council on Sept. 22, but it will be formally introduced on Wednesday. City Council members will meet and have a public hearing at 10 a.m. to discuss the proposed budget.
It's likely to be a contentious meeting, since the mayor's plan includes one of the biggest property tax hikes in city history.
The $543 million property tax increase would be phased in over a four-year period. The biggest hike would place this year.
Can there be more? Why yes, there is:
Preckwinkle plans to tax cable TV, bowling and golf
Months after winning approval for a controversial penny-on-the-dollar sales tax increase, Cook County Board President Toni Preckwinkle now wants to extend the county's 3 percent amusement tax to cable TV and recreational activities such as bowling, golf and many for-profit sports leagues.