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STATE LAWMAKERS OVERRODE THE GOVERNOR’S VETO ON A CHICAGO POLICE AND FIRE PENSION RELIEF BILL.

 

THE MEASURE REDUCES CITY PENSION PAYMENTS THRU 2020…WHICH SUPPORTERS SAY HELPS STAVE OFF A 300 MILLION DOLLAR PROPERTY TAX INCREASE. REP. JACK FRANKS OF WOODSTOCK SAYS IT’S A BAD SITUATION, BUT ONE THAT THE LEGISLATURE SHOULD BE ABLE TO RELATE TO.

 

 

SUPPORTERS SAY IT ALSO ALLEVIATES THE NEED FOR A LARGE PROPERTY TAX HIKE. IT WAS SUPPORTED BE REPRESENTATIVE DAVID HARRIS OF MOUNT PROSPECT.

 

 

THE GOVERNOR HAS CALLED THE LEGISLATION “TERRIBLE POLICY” AND SAYS IT WILL COST TAXPAYERS DEARLY IN THE COMING DECADES.

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