After much debate on shifting the costs of pension to the local schools, Speaker Madigan has dropped that part of the pension reform. In addition he has put Minority Leader Tom Cross as the sponsor of the bill.
Earlier this week, Madigan sponsored a pension reform bill in the House (SB 1673) that would have suburban and downstate school districts pick up the pension costs for their teachers. That could have shifted billions onto local tax rolls. That worried school districts statewide as to how they were going to pay for such an item.
“I think that there ought to be a shift in the responsibility for the normal cost so that going forward the people making the spending decisions will be called upon to pay the bills,” Madigan said on the House floor after a long day of debate and heated discussions on pension reforms with Gov.Pat Quinn and House Minority Leader Tom Cross, R-Oswego.