Financial impact of police, fire pension laws
SPRINGFIELD - A recently released state report examined the financial effects over the past five budget years of state pension laws increasing benefits for local police and firefighters. Five communities were chosen for the study - Arlington Heights, Bellwood, Champaign, Springfield and Wilmette.
The study found the laws added millions of additional costs to the local budgets.
The costs to the communities were:
Arlington Heights: $2,418,070
Bellwood: $711,406
Champaign: $2,468,557
Springfield: $5,023,305
Wilmette: $1,525,367
Source: Illinois Commission on Government Forecasting and Accountability