Warning that a taxpayer “revolt is upon us,” aldermen on Tuesday gave the cold shoulder to Mayor Rahm Emanuel’s plan to raise utility taxes to save the largest of Chicago’s four city employee pension funds.Heh.
Top mayoral aides will hold a series of closed-door aldermanic briefings Wednesday to outline the mayor’s plan to reform and fund a Municipal Employees Pension fund with 71,000 members and $18.6 billion in unfunded liabilities.
Tuesday, August 02, 2016
Some aldermen give cold shoulder to utility tax hike for pensions
The Chicago Sun-Times reports:
