Homewood to use gaming tax revenue to bolster police and fire pension funds

The Homewood Village Board approved an ordinance that allocates the village’s share of regional gaming tax revenue from the Wind Creek Casino to its police and fire pension funds at the Oct. 28 meeting. 

According to Homewood Director of Finance Amy Zukowski, the goal is to narrow a long-standing funding gap and meet state pension requirements. The Illinois Pension Code requires both police and fire pension funds to be funded at 90% by 2040. As…