Gov. Pat Quinn won’t say if he opposes legislation that would mean a hike in Chicago property taxes to overhaul two city pension systems, but says he wants to reduce reliance on such taxes as a revenue source.
He says he wants to see the bill’s final version and is awaiting its consideration on the House floor.
On Wednesday, a House committee approved the plan by Mayor Rahm Emanuel. The proposal calls for hiking property taxes by $750 million over five years. City officials initially estimated it at $250 million.