Some Facts You Probably Don’t Know about Crystal Lake and the Library Bond Referendum

This information was developed by commenter Mark: A major reason property taxes are high is because property taxing districts omit pertinent details during bond advisory and bond referendums. +++++ Do not even think about voting yes for a bond or … Continue reading

County Board IMRF Law Reverberates Around the State

The new state statute authored by State Rep. Jack Franks as part of his campaign for McHenry County Board Chairman is making waves across Illinois. I’ve noticed stories in two counties so far: Madison County, near St. Louis Will County … Continue reading

Althoff-Franks Law Ends Pension Benefits for Future County Board Members

A press release from State Senator Pam Althoff: New law ends pensions for future county board members Springfield, IL… Future county board members will no longer be eligible for pension benefits, and those currently enrolled in the retirement system are … Continue reading

McHenry County Taxpayers Owe Over $130 Million for Underfunded Police and Fire Pensions…as of Two Years Ago

Commenter Mark has laid out all of the municipal police and fire pension fund money owed by McHenry County taxpayers. Let’s review police and fire pension funding status in McHenry County. Remember, Jack Franks says he has a plan to … Continue reading

Reick: Remap Decision Bodes Poorly for GOP

State Rep. candidate Steve Reick’s latest post on his web site: Dance Band on the Titanic There’s an old saying that bad news comes in threes. It’s certainly true today for Illinois. First comes the news that Illinois’ insurance rates … Continue reading

Crystal Lake Taxpayers Owe Tens of Millions to the Crystal Lake Police and Fire Pension Funds

Commenter Mark does a lot of research, which he shares under various stories. Today, inspired by Mayor Aaron Shepley’s endorsement of Democrat Jack Franks, he looks at Crystal Lake city finances. Does endorsing Franks mean the Crystal Lake City Council … Continue reading

NWH Reader Wonders What Happened with IMRF Probe of McHenry County Board Pensions

The following letter to the editor of the Northwest Herald is reprinted with permission of its author, Cary resident Rachael Lawrence: In February, Jack Franks and IMRF Director Louis Kosiba met with the Northwest Herald regarding County Board members meeting the … Continue reading

Jack Franks’ $2 Million Pension

In two years, when Jack Franks turns 55, he can start receiving his pension from the State of Illinois. He stands to collect $2.3 million. As of June 30, 2016, he contributed about $139,000. The taxpayers will foot the bill … Continue reading

Franks Uses Tax Money To Pitch Campaign Issues

State Rep. Jack Franks is not running for re-election, instead opting to run for McHenry County Board Chairman. In a blast email he announced that on his first day in office he would cut McHenry County’s taxes by 10%. (That … Continue reading

Management Services Committee Considering IMRF Pullout for County Board Members

The second committee to weigh in on whether McHenry County Board members should stop participating in the Illinois Municipal Retirement Fund pension program will meet Monday at 8:15. It’s the Management Services Committee, chaired by Tina Hill. The first was … Continue reading

Committee Unanimously Approves End to County Board IMRF Pensions

Every member of the Human Resources Committee voted to abolish Illinois Municipal Retirement Pensions for County Board members starting in December. Outside the meeting members expressed the opinion that this will make the IMRF requirement for work logs go away. … Continue reading

Franks IMRF Language Leaves Open IMRF Pension for McHenry County Board Chairman

State Senator Pam Althoff’s Senate Bill 2701, as amended by State Rep. Jack Franks in the Illinois House, leaves open the possibility that the next McHenry County Board Chairman, whether it is Franks or Mike Walkup, is eligible to participate … Continue reading

Althoff Passes Bill Forbidding New County Board Members Pensions

State Senator Pam Althoff passed her IMRF reform legislation, Senate Bill 2701, as it was amended by House sponsor State Rep. Jack Franks. No one opposed the legislation, which says future Downstate County Board members will not be allowed to … Continue reading