The Action Party’s payment plan to address pension debt is NOT working.
Since 2013, Morton Grove pension debt has increased from $135 million to $160 million*
The amount of our pension debt the Village can pay decreased from 48% to 41%. We can only pay 41 cents for every pension dollar we owe.*
What does all this mean? The Action Party keeps spending money that the Village does not have. Meanwhile they increased their own pay. The Village is drowning in debt. As the burden of debt increases, it limits the ability of the village to grow and prosper. This is bad financial management, which hurts you, the taxpayer, who must pay those bills. The Action Party says they pay more than the minimum legally required by law. Clearly, it’s not enough, and that Action Plan is not working. Morton Grove needs a new plan.
*Data from 2013 and 2016 property tax bills