Press Detail

This Illinois Town Is on the Brink of Bankruptcy. How Many Will Follow?

Posted on May 30, 2018

Governing

This article briefly summarizes the ongoing financial struggles in the City of Harvey, which were recently exacerbated when the Illinois Comptroller was required to intercept the City’s tax revenue to pay its public safety pension contributions. The article points out that a number of Illinois municipalities are facing similar pressures and are relying on “last-ditch efforts” to make pension payments. Civic Federation President Laurence Msall said that the State of Illinois must provide support for its ailing localities and pointed to a bill pending in the 100th General Assembly that would create a Local Government Protection Authority as a necessary measure.