Quinn Signs Chicago Pension Bill

Quinn Signs Chicago Pension Bill

Photo: Newsradio WTAX

Gov. Pat Quinn has signed legislation that would help Chicago reduce a multi billion-dollar pension shortfall but could lead to a property tax increase.

Quinn had given little hint of his plans ahead of the signing, aside from saying that he opposes raising property taxes. Chicago has the worst-funded pension systems of any major U.S. city.

Mayor Rahm Emanuel pushed for the law. It would affect about 57,000 laborers and municipal employees and retirees. It would nearly eliminate the $9.4 billion shortfall in those funds by cutting benefits and increasing contributions for the city and employees. Emanuel has said he wants the additional contributions to come from a property tax increase.

Recent Headlines

in Local

Butterball is Ready to Help With Turkey Dinner

turkey 2

If you're the type of person that "could make a TV dinner taste like radio," perhaps cooking a turkey isn't exactly in your wheelhouse.

in Local

City Council May Do Away with Ethics Committee

6-30-15 Springfield City Council

The Springfield City Council may do away with

in Local

Springfield Jobless Rate Drops — And More

job apps

Springfield-area Unemployment: 5.1%

in Local

Rauner Issues Pardons

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Rauner granted 10 and denied 200 clemency petitions.

in Local

Springfield Man Convicted of Sexual Assault


Christopher Westfall was convicted in August.