Chicago Sun-Times
This article discusses the relationship between property taxes, politics and Chicago’s drastic unfunded pension liabilities. Governor Quinn vowed to veto an early version of a pension reform bill for two of Chicago’s pension funds that mandated property tax increases, but has since signed a revised version that removed the provision. The Civic Federation said it is unclear how Chicago could restore adequate funding to its pension system without additional property tax revenues being one part of a multifaceted solution.