Pension Cost Shift Passes the Buck to Universities and Community Colleges

Springfield, IL…Today, 24 hours before session adjourns, Illinois Democrats passed legislation to shift pension costs to universities and community colleges that will lead to tuition and property tax increases. State Representative Tom Demmer (R-Dixon) voted no on the cost shift to prevent Illinois another tax increase, and to save students from continued tuition hikes. When […]

Rep. Ives Opposes Shifting Pension Costs onto College Students and Families

Springfield, IL … State Representative Jeanne Ives (R-Wheaton) this evening voted against Senate Bill 1687 that will shift the retirement and pension costs onto college students and homeowners through anticipated tuition increases and increases in property taxes. The bill passed 60-55-2 and now heads for the Governor for his consideration. “Once again, the Illinois taxpayers […]

How and why ‘shifting’ became the new ‘taxing’

A little more than a decade ago, the state of Illinois hit a critical mass. Illinois hit a magical point on the spreadsheet wherein taxing more led to less revenue for government instead of more. The memory of Ben Stein’s dry monotone voice explaining the Laffer Curve in the 1980s classic movie, “Ferris Bueller’s Day […]

Sosnowski Votes NO on Cost Shift, Calls Plan a ‘Flawed Concept’

SPRINGFIELD – In a partisan vote, the Illinois House advanced a plan to shift the burden of public employee pensions onto public Illinois’ universities. In response, State Representative Joe Sosnowski (R-Rockford/Belvidere), who voted against the bill, issued the following statement: “This is not a cost that our universities and community colleges can absorb. If this […]

Pension Shift is Still Alive and Well in Springfield

The pension shift is still alive and well in Springfield. Both the Springfield Journal Register and the Daily Herald reported that Speaker Michael Madigan says there will be a pension shift. Springfield Journal Register: Illinois House Speaker Michael Madigan made it clear Thursday that he will pursue a proposal to shift the cost of downstate […]

Property tax cap first, pension shift second

Published in the Chicago Tribune, August 12, 2012 Illinois public policy has become such a Gordian knot that even good policy yields potentially horrible outcomes. With the state budget straining to meet payments — even after a huge tax increase — Illinois will soon be unable to meet its rapidly expanding pension bill. This is […]