CHICAGO (AP) — The Illinois Legislature's approval of a plan to reduce Chicago's pension shortfall is creating an election-year quandary for Pat Quinn.
The governor has made property tax relief a cornerstone of his 2014 re-election bid. But now he must decide whether to indirectly sign off on a $750 million tax hike or risk derailing aid for a city in serious financial trouble.
The situation also marks another awkward moment between Quinn and Mayor Rahm Emanuel.
Quinn has called the property tax a "lousy" tax that overburdens the middle class. Emanuel says the state must OK his pension overhaul — which hinges on the property tax increase — to avoid severe cuts in services and keep the retirement funds from insolvency.
Quinn said Wednesday he'll "take a hard look" at the measure.