Fog/Mist
66°FFog/MistFull Forecast

Quinn rips Emanuel's plan to fix Chicago pensions

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

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.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

National video



Reader Poll

An 82-year-old Sterling man recently parachuted from a plane for the first time. Would you ever skydive?
Yes, I've never done it but would try it
Yes, I've already skydived and enjoy it
No, I've never done it and don't want to
No, I've done it and don't want to again