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Quinn rips Emanuel's plan to fix Chicago pensions

Published: Monday, April 7, 2014 1:30 p.m. CST

CHICAGO (AP) — Illinois Gov. Pat Quinn says Chicago officials need to come up with a plan for addressing the city's pension shortfall that doesn't include a property tax hike.

Quinn told reporters Monday the property tax is a "lousy" tax and says "we're not going to go that way."

He says Chicago officials "need to be a whole lot more creative."

Mayor Rahm Emanuel has proposed a plan to cut Chicago's nearly $20 billion pension debt in half. It would reduce retirees' benefits and raise property taxes by about $750 million over five years.

Legislators and the governor must approve any changes to city pensions. Several lawmakers also have said they don't want to vote for a tax hike.

Quinn is a Chicago Democrat who's seeking re-election against Republican Bruce Rauner.

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