State lawmakers overrode Gov. Rauner’s veto of a bill that allows one former firefighter serving as a Chicago alderman to credit his political salary toward a more lucrative fire pension. The pension boost will also apply to future aldermen with a history of fire department work.
Gov. Bruce Rauner vetoed a bill to allow former firefighters serving as Chicago aldermen to credit their political salary toward a more lucrative firefighter pension. It could come back during veto session.
A new report analyzes the effects of “tax increment financing” on communities across the nation – and calls into question the merits of the widely used development tool.
The Chicago firefighters pension fund has filed claims with the Illinois comptroller for $3.3 million in shorted pension contributions, an action that could worsen city finances and service delivery.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.