Alton, IL

Local Municipalities Experience Shortfalls

Story by WBGZ Radio

More Illinois cities are facing budget shortfalls due to increasing pension bills. Some are selling off property while others have been forced to take out government loans. In Alton, they’re in the process of selling their water treatment plant to cover the cost of their coming $8-million police and fire pension bill in 2018. Their total budget is only $31-million.

Mayor Brant Walker says the pension tab is slowing down an otherwise growing city.

Click here for Walker's comments

Granite City took out a loan to pay for police and fire pension costs. After changes in the way the state estimates the funds, Mayor Ed Hagnauer says the $20-million they invested into the funds is essentially gone and their bill this year will be higher.

Click here for Hagnauer's comments

A recent report by Illinois’ Commission on Government Forecasting and Accountability shows Illinois’ 653 police and fire pensions outside of Chicago are nearly $10 billion in debt.

(Copyright WBGZ Radio /


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