Illinois legislature overrides veto of bill to ease Chicago pension payments
Source: Reuters
A bill to spread out Chicago's payments to its public safety workers' pension will become law after the Illinois House and Senate on Monday overrode the governor's veto.
Republican Governor Bruce Rauner's action on Friday touched off a war of words between him and Chicago Mayor Rahm Emanuel, who claimed the veto would lead to a $300 million property tax hike.
(Reporting By Karen Pierog)
Read more: http://www.reuters.com/article/us-chicago-pensions-idUSKCN0YL1ZT
Politics | Mon May 30, 2016 6:57pm EDT
Short article. No more at link.
mountain grammy
(26,644 posts)I would be on the side against Rahm Emanuel.
Chicago1980
(1,968 posts)He holds Scott Walker as a model for being governor.
You sure you want to be anti-Rahm on this one just to be anti Rahm?
mountain grammy
(26,644 posts)of a story.. with no other information, but you're right of course. Every time I see Rahm or hear him speak, I want to take a bath.
apnu
(8,758 posts)Time will tell if they'll be cozy again, but for now this is one form of corruption up against another form or corruption.
Itchinjim
(3,085 posts)Fuck Rauner.
former9thward
(32,065 posts)I'm sure you are good with that.
HereSince1628
(36,063 posts)Yes, THOSE f'ing asshole politicians who made promises and didn't do much to fulfill them except kick the can down the road.
It's easy to blame Rauner he is despicable. NO DOUBT,
But these problems wouldn't even exist for awful solutions to be offered if "Leaders" had dealt with obligations that they took on.
AKing
(511 posts)salib
(2,116 posts)Suddenly the legislature has a backbone.
F-ing predictable.
Stuart G
(38,439 posts)Fuck Rauner
keithbvadu2
(36,874 posts)A tax hike, with either choice.
Short-changed pension funds with either choice.
Still needs more and more pension funds payments.
Short changing results in higher long term costs.
It ain't pretty either way.
Who gets credit for doing the best thing when there doesn't seem to really be one?
alp227
(32,047 posts)The Senate voted 39-19 and the House voted 72-43 to undo Republican Governor Bruce Rauner's veto on Friday that the city claimed would lead to a $300 million property tax hike.
The bill gives Chicago short-term budget relief but will add to the city's big pension funding gap.
The override bolsters Democrats, who control the legislature, as they battle with Rauner over state assistance for Chicago and its public school system, which is seeking state money for its teachers' pensions. The political impasse had left Illinois without a complete budget 11 months into fiscal 2016.
Scuba
(53,475 posts)... tax those who have all the money.
sulphurdunn
(6,891 posts)behind only California, Texas, New York and Florida. There's plenty of money.
truebrit71
(20,805 posts)Twice.
Calista241
(5,586 posts)Yo_Mama
(8,303 posts)I realize that in crises, such as the GR, legislatures/governments may be forced to extreme measures. But it is important that these measures be offset ASAP.