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Quinn: Must reduce reliance on property tax

Published: Thursday, April 3, 2014 12:00 p.m. CST

CHICAGO (AP) — 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.

The Chicago Democrat told reporters Thursday 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.

Quinn wouldn't say if he'd sign it, adding that the bill has already changed.

He focused on his plan to give homeowners a property tax refund. His budget calls for making Illinois' temporary tax increase permanent.

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