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Friday, November 22, 2024

Analysis: Arlington Heights pays $3.24 for every $1 pensioners contribute to Arlington Heights Police Fund

Budget01

Taxpayers contributed 76.4 percent of the $5,888,538 the Arlington Heights Police Fund brought in last year, or $3.24 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Arlington Heights contributed $4,500,000 to the fund, which saw a $691,781 increase in revenue over 2015. Members contributed $1,388,538, or 23.6 percent, in 2016.

Arlington Heights Police Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$4,038,031$4,288,000$4,330,880$4,500,000$4,500,00011.4%
Pension members$1,207,183$1,324,666$1,322,676$691,981$1,388,53815%
Other Revenue$1,951$34,076$3,155$4,776$0-100%
Total$5,247,165$5,646,742$5,656,711$5,196,757$5,888,53812.2%

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