63°FFairFull Forecast

Chicago pension deal creates quandary for Quinn

Published: Wednesday, April 9, 2014 4:56 p.m. CDT

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.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

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 This material may not be published, broadcast, rewritten or redistributed.

Watch Now

Player embeded on all DDC instances for analytics purposes.

NIU-Eastern Michigan postgame: Rod Carey

More videos »

Reader Poll

Which is your favorite quote from John F. Kennedy?
“Ask not what your country can do for you ...”
“Things do not happen. Things are made to happen.”
“Ich bin ein Berliner.”
“Man must put an end to war before war puts an end to mankind.”