Illinois State Comptroller
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Recent News About Illinois State Comptroller
In a deal that could set a precedent for other financially struggling municipalities to follow, the city of Harvey has reached a deal with its police and firefighter pension funds to end a court fight over how much of the money Harvey gets from the state of Illinois the city should be allowed to spend on current day-to-day operations, rather than police and fire department retirees’ pensions.
The city of Harvey remained locked in a court fight with state officials and its own public worker pension funds over its ability to use sales tax dollars to pay its bills. But it likely is just one of dozens of cities and other governments across Illinois poised to land on the wrong side of a state law mandating pension fund payments.
The city of Harvey has won a temporary reprieve, of sorts, after a Cook County judge signed off on an agreement, which, while still requiring the cash-strapped city to pay large chunks to pension funds for retired police and firefighters, still allows the city government to apparently access most of its share of Illinois state sales tax revenue.