CONNECT WITH WMAY
Jim Leach Jim Leach
6:00am - 9:00am
The Jim Leach Show

Contact Me

My Blog

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Google
Custom Search
September 18, 2014, 8:44 am
970 WMAY News

Quinn Signs Chicago Pension Fund Bill


Governor Pat Quinn has signed legislation aimed at shoring up two of Chicago’s ailing public pension funds… potentially opening the door for a big increase in property taxes or other revenue sources to assist with the bailout.

 

Quinn’s Republican opponent Bruce Rauner attacked the move, accusing Quinn of breaking a promise to seek property tax relief for Illinoisans.

 

But Quinn’s signing statement specifically urges Chicago aldermen not to raise property taxes… and Chicago Mayor Rahm Emanuel says he will look for other revenue options.

 

However, public sector unions are vowing to file suit over the new law, which also reduces benefits for affected workers.

News Video

On Air Video


Facebook Fans


@WMAYSpringfield
LinkedUpRadio Envisionwise Web Services