Mayor Rahm Emanuel’s pension proposal cleared the first of several hurdles shortly after House Speaker Michael Madigan unveiled a measure today that sets a course for property tax hikes on homeowners and benefit cuts for City Hall workers.
The proposal could be on a fast-track through the General Assembly. The bill cleared a House committee today on a 6-4 vote, setting it up for consideration by the full House. Then it would need to get through the Illinois Senate, where Senate President John Cullerton, an Emanuel ally, has set a hearing on the pension measure.
The pension changes, opposed by several labor unions, emerged less than 48 hours after Emanuel outlined his proposal, which aims to shore up two city pension funds. The proposal, which is sure to be challenged in court, does not take up the underfunded systems for police, fire and Chicago Public Schools teachers.