With the city of Chicago facing a pension crisis of their own, Mayor Rahm Emmanuel is looking to Springfield for help. He wants the Michael Madigan and John Cullerton to get the legislature to raise property taxes so he doesn’t get the blame.
Last Friday, the mayor held a 2.5-hour meeting with the Illinois House Speaker Michael Madigan and Senate President John Cullerton, both Chicago Democrats, to outline the magnitude of the problem and propose solutions.
Emanuel wants the General Assembly to impose annual property tax increases on Chicago homeowners and businesses, but put off the balloon payment to shore up police and fire pensions until 2023 to make the bitter pill easier to swallow.
Of course Karen Lewis and the Chicago Teacher Union are opposed to this plan.
The Chicago Teachers Union has forged a coalition with a group of public-sector unions to “aggressively defend” against a “pension heist” by Illinois lawmakers at the request of Chicago Mayor Rahm Emanuel.
“We have been in negotiations with [Chicago Public Schools] for two years trying to figure out a way to do this and it’s always been clear to me they didn’t really want to solve the problem,” CTU President Karen Lewis said Wednesday. “They wanted Springfield to solve it and they wanted a political solution as opposed to a reasonable solution.”
With Karen Lewis’ track record, the CTU will not have a reasonable solution. Their solution will also be to take more money from the taxpayers. Where Rahm goes after the left pocket, Lewis will go after the left pocket and either way taxpayers pay more.