>> A PLAN TO

RESCUE PENSION

SYSTEM OF COOK

COUNTY WORKERS ON

THE FAST TRACK IN

PENSION

WEARY

SPRIENGFIELD SO

MUCH SO THAT THE

PRESIDENT TONES IS

PUTTING

REPUTATION ON THE LINE TO

LOBBY

STATE LAW MAKERS TO GET

IT DONE

IN THE WANING DAYS

OF THE SPRING

SESSION.

WILL IT HAPPEN AND

WILL

COUNTY

TAXPAYERS FOOT THE BILL.

PARIS?

>> PHIL.

SHE IS ON HER

WAY TO

SPRINGFIELD

NOT LOBBY

THE

LEGISLATIVE

LEADERS AND THE GOVERNOR YOU

MENTIONED PENSION WEARY

SPRINGFIELD LAW

MAKERS

PASSED

STATE PENSION REFORM BOTTLED IN

THE

COURTS.

HALF OF CHICAGO PENSION

REFORM

AWAITS THE

GOVERNOR'S SIGNATURE

IS THAT IS

NO

SURE THING.

PRESIDENT SAYS

THERE

SHOULD NOT

BE A PENSION

FATIGUE LAW MAKE

ARES NEED TO PASS COOK

COUNTY

BEFORE THE SESSION

ENDS IN THE

NEXT 10

DAYS.

>> IF WE DON'T DO

THIS WE WILL

SUFFER A DOWNGRADE OF BONDING

AUTHORITIES THE LONGER WE WAIT

THE HARDER IT

IS.

IT

COSTS MORE

MONEY AND MAKE ITS

MORE DIFFICULT TO

GET A

DEAL.

>> PARIS,

REMIND WHAT

THIS

PENSION REFORM

ENTAILS.

RETIREMENTS OF COUNTY

EMPLOYEES.

JAIL

WORKERS, HOSPITAL WORK

ARES

EMPLOYEES THAT CONTRIBUTE

10.5

OF PAYCHECK TO

PENSIONS.

THEY WOULD HAVE TO WORK 5

YEARS

LONGER AND HAVE COST

OF LIVING

RAISES REDUCED NOT AS

MUCH AS

OTHER REFORM

PLANS IF THE

ENTIRE

PENSION SYSTEM IS LESS THAN HALF

FUNDED THE COST

LIVING RAISES

ARE

ELIMINATED.

COME

WESTBOUND A MILLION DOLLARS

PRICE TAG TAXPAYERS

ON THE

HOOK

FOR HIGHER PROPERTY

TAXES

OR

SALE'S TAX.

SHE CAN

49ED OTHER

WAYS TO

MAKE

COSTS.

>> WE HAVE

DHAN WITHOUT RAISING

PROPERTY TAXES AND

-- ROLLING

BACK THE

REMAINING

SALES TAX

INCREASE RETURN TO OUR

TAXPAYERS

1.1 BILLION DOLLARS.

WE FILED A

BILLION DOLLARS IN

--

BUDGET GAPS WITHOUT

RAISING

SALES OR PROPERTY

TAXES AND

SAVED OUR

TAXPAYERS.

>> PROPERTY

TAX OR SALES TAX

HIKE WILL BE

NEED YOU COULD

FIND

OTHER WAYS.

>> WE

WILL LOOK AT

EVERYTHING.

>> EVERYTHING IS

ON THE

TABLE.

WE SHOWED

CREATIVITY IN DEALING

WITH THE FINANCIAL CHALLENGES WE

PREVIOUSLY.

>>

THIS WAS AGREED

TO

BY

SEVERAL

UNIONS.

THE UNION

REPORTING NURSES

IS

NOT ON BOARD.

THEY

VOW

TO

VOTE HIM

OUT

OF

OFFICE IF THE PENSION DEAL

IS

THERE.

>> WE

CONTRIBUTED

FAITHFULLY

FOR

20

YEARS WE KEPT

OUR PART

AND BELIEVE COOK

COUNTY SHOULD

KEEP THEIR PART

AND

HONOR THE

CONSTITUTION, OUR PENSION SYSTEM

IS NOT BROKEN.

ONCE WHO ARE BROKEN ARE

THE

POLITICIANS WHO WE ARE PUT

IN

OFFICE.

WHO ARE

SUPPOSED TO

BE

PROTECTING US

AGAINST THIS

TYPE

OF

THEFT!

THAT'S ONLY THING YOU CAN

CALL

IT.

>> NURSES SAY THEY

WOULD RATHER

THE COUNTY

INSTITUTE A TAX

ON

FINANCIAL TRACTIONS WE SPOKE

WITH THE COUNTY

CFO AND SAYS THE

COUNTY DOES NOT HAVE THE

POWER

TO LEVY SUCH A

TAX.

>> LAW MAKE ARES MIGHT

IMPLEMENT THE REFORMS BEFORE

THE

SESSION ENDS?

>> THIS BILL IS

SPONSORED BY

CULLERTON AND SPEAKER

IN THE

HOUSE IT IS IS GOOD

COMPANY

IF

YOU NEED

A

BILL

PASSED.

THE SPEAKERER HAD DIFFERENT

PROBLEMS

REVEALED HE IS 26

DEMOCRATIC VOTES SHORT OF

EXTENDING OR MAKING

PERMANENT

STATE'S INCOME TAX.

CAPITAL IT IS NOT GOING

SO FAR

ON THAT

ISSUE PERHAPS

IT WOULD

TAKE LESS MUSCLE

>> COME UP WHETHER SHE IS

RUNNING FOR MAYOR SHE ASKED

REPEATEDLY ABOUT T. WAS

SHE

ASKED TODAY.

>> SHE WILL

BE ASKED EVERY

TIME

WE SEE

HER.

SHE WAS ASKED LAST WEEK IT WAS

FOUND THAT THE MAYOR

POLITICAL

DIRECTOR

ALLEGEDLY

CONTACTED

NEWSPAPER REPORTERS

URGING THEM

TO REPORT NEGATIVE

STORIES.

HERE IS HER TONGUE AND

CHEEK

RESPONSE TO THAT ISSUE

TODAY.

>> YOU KNOW I

THINK

THAT

IT IS

REMARKABLE SELF DEVELOP.

I CONTINUE

TO EXERCISE

THAT SELF

DISCIPLINE.

SHE

SAYS.

SHE IS

RUNNING

FOR OFFICE SHE

CURRENTLY HOLDS THAT IS NOT

A

DENIAL THAT SHE MAY

NOT

SEEK TO

RUN FOR ANOTHER

OFFICE.

>>

PARIS THE

PROPERTY

TAX

HIKE.

AS YOU THINK THE

MAYOR CALLERED

FOR 250 MILLION

WANTS

250

MILLION IN PROPERTY

TAXES THAT

IS A BILL THE

GOVERNOR

SAYS THAT

HE HAS NOT ASSIGNED

THAT.

IF THAT

WERE TO

HAPPEN.

AND IF THE

COUNTY

IMPOSED A

PROPERTY

TAX

THEY GET IT FROM

BOTH ENDS.

>> WHAT HE IS SAYING

THEY DON'T

HAVE TO WORRY HOW

TO

PAY FOR

THIS FOR YEAR AND A

HALF.

SHE

BUILT

THAT IN THE

BILL.

PUTTING THE

TAX

HIKE IN THE

BILL.

EVEN THOUGH THAT WAS TAKEN OUT

SHE DID NOT PUT THAT

IN THE

BILL

THE GOVERNOR MIGHT HAVE

MORE

INCENTIVE TO SIGN THIS THAN

THE

CHICAGO PENSION REFORM BILL

WHICH COULD MAKE FOR AN

INTERESTING

DYNAMIC.

>> WHEN YOU KEEP IN MIND THE

GOVERNOR AND MAYOR DON'T

GET

ALONG.

HOW DOT GOVERNOR AND TONY

GET

ALONG.

>> SHE SAYS

THEY HAVE BEEN

SPEAKING HE DID NOT SAY WHAT HE

WOULD

DO.

MAYOR AND

GOVERNOR