Critics of Gov. Bruce Rauner’s budget address say the proposal to shift the cost of pensions to school districts and universities will bring about a massive property tax increase.
State Rep. David McSweeney, R-Barrington Hills, said Wednesday’s budget address was the worst proposal to date because it uses the tax increase imposed on taxpayers last year.
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account and connect your subscription to it by clicking here.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
SPRINGFIELD — Critics of Gov. Bruce Rauner’s budget address say the proposal to shift the cost of pensions to school districts and universities will bring about a massive property tax increase.
State Rep. David McSweeney, R-Barrington Hills, said Wednesday’s budget address was the worst proposal to date because it uses the tax increase imposed on taxpayers last year.
“He allegedly opposed the [Speaker Michael] Madigan tax increase but he’s using the revenues,” McSweeney said. “It proves that he was for it.”
Rauner did propose reducing the recent $5 billion tax increase, but only by $1 billion.
Rauner also proposed phasing in over several years the cost of pensions back to local school districts and public universities.
Treasurer Michael Frerichs said the governor’s proposed pension cost shift would bring about the largest property tax increase in state history.