Council Hiking Chicago Phone Fees To Fund Pension SystemsAldermen have approved a plan to hike the city’s monthly 911 surcharge on phone bills by 56 percent to help shore up the city’s pension funds, and avoid a property tax hike before next year’s elections.
Aldermen Back Mayor's Plan To Hike Phone Tax To Fund PensionsMayor Rahm Emanuel said he has lined up enough City Council support to increase the monthly surcharge added to phone bills in Chicago, as part of the effort to address the city’s pension crisis.
Quinn Signs Legislation For Chicago Pension OverhaulIt’s deadline day for Gov. Pat Quinn. He has until midnight to decide how to act on legislation to overhaul some of Chicago’s underfunded employee pension systems.
Emanuel: Fee Increase Needed To Make 911 Operations Self-Sufficient Mayor Emanuel says it’s “premature” to say if a higher tax on phone bills could be used to reduce the property tax hike he’s planned to help shore up the pension system, reports WBBM Political Editor Craig Dellimore.