Maywood’s Fire and Police Pension Funds Among 10 Most Troubled In Suburban Cook County, According to BGA Analysis

Thursday, August 7, 2014 || By Michael Romain  According to a recent analysis by the Better Government Association, dozens of suburban Cook County police and fire pension funds are “are in financial peril, putting retirement incomes at risk, as well as the fiscal health of numerous municipalities”–Maywood included. The BGA’s analysis, based on the latest available municipal pension fund data, found that total unfunded liabilities … Continue reading Maywood’s Fire and Police Pension Funds Among 10 Most Troubled In Suburban Cook County, According to BGA Analysis

The State of Illinois Owes Maywood More Than $135K, Says Illinois Municipal League Late Payment Calculator

(The chart shows State income tax payments to local governments from FY2008 to FY2013 and the Governor’s recommended payments for FY2014. The amount of State income taxes shared with local governments remains below its pre-recession level of $1.208 billion in FY2008. Chart and caption by the Civic Federation.) Wednesday, July 30, 2014 || By Michael Romain  Municipalities claim Illinois already underpays them their share of … Continue reading The State of Illinois Owes Maywood More Than $135K, Says Illinois Municipal League Late Payment Calculator