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April 18, 2014, 4:28 pm

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New Chicago Budget Comes With No Tax or Fee Increases, Emanuel Wants State Action on Pensions


Chicago Mayor Rahm Emanuel has presented a new $8.3 billion budget to the City Council.

 

The plan presented yesterday includes no increased taxes and no new fees.

 

Emanuel also says the new budget cuts the deficit to $298 million.

 

But Emanuel also called for more action from state lawmakers to address public-sector pensions.

 

Emanuel says Chicago will soon be on the hook for more than a billion dollars a year in pension expenses.

 

He says lawmakers in Springfield need to, quote, “step up and take their share of responsibility.”

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