Homer Township taxpayers face $7.3M in local pension debt

Debt of police, firefighter pensions for municipalities located primarily in Homer Township

Table with 3 columns and 4 rows.
Unfunded liabilitiesAnnual cost to taxpayers
Homer Township Firefighters−$1,325,018$1,023,265
Northwest Homer Firefighters−$666,272$389,103
Homer Township share of Will County Sherriff's Law Enforcement Pension program−$5,300,967$608,878
Total−$7,292,257$2,021,246
Homer Township’s share of Will County sheriff's pension estimated based on township population
Table: @illinoispolicySource: Illinois Department of Insurance, U.S. Census Bureau, author’s calculationsCreated with Datawrapper