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Lawmakers fear blame for Chicago pension tax hike

Published: Thursday, April 3, 2014 5:40 p.m. CDT

SPRINGFIELD, Ill. (AP) — Some Illinois lawmakers are hesitating to support a massive Chicago city-pension overhaul because they fear they'll be blamed for a $750 million property-tax increase.

Mayor Rahm Emanuel says he has agreement with city unions to cut a $20 billion deficit in two pension accounts over 40 years in part through the massive, five-year increase in property taxes. The General Assembly must approve the changes.

House Speaker Michael Madigan — a Chicago Democrat — intends that the legislation will permit Chicago to raise taxes for the purpose of shoring up pensions. A spokesman says that's to ensure the money goes to solve the pension mess.

But some legislators say city officials should determine how Chicago pays for the fix.

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The bill is SB1922.

Online: http://www.ilga.gov

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Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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