Governor Pat Quinn is blasting a plan to ease Chicago's pension crisis with a property tax hike. Mayor Rahm Emanuel wants to pour more money into the drastically under-funded pensions for city laborers and municipal workers. Part of his plan involves raising Chicago property taxes by 50-million dollars a year, for the next five years. The governor doesn't seem too enthused:
they think they're just gonna gouge property tax payers, no can do. We're not gonna go that way."
Governor Quinn and state lawmakers - many of whom are up for re-election - must approve the mayor's proposal, But first:
"I think they need to be a whole lot more creative than Iíve seen so far."
Earlier, Mayor Emanuel told reporters he's optimistic the governor will come around:
"When we're done with the bill, uh, I think he sees how important getting pension reform is to the 60-thousand workers who require it."
The pension plan would also scale back benefits for city workers.
Support Your Public Radio Station