WEBVTT

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>>  A PLAN TO

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 RESCUE PENSION 

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SYSTEM OF COOK

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 COUNTY WORKERS ON

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THE FAST TRACK IN

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 PENSION

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 WEARY 

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SPRIENGFIELD SO

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 MUCH SO THAT THE

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PRESIDENT TONES IS

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 PUTTING 

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REPUTATION ON THE LINE TO

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 LOBBY 

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STATE LAW MAKERS TO GET

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 IT DONE 

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IN THE WANING DAYS

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 OF THE SPRING

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SESSION.

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WILL IT HAPPEN AND

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 WILL

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 COUNTY 

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TAXPAYERS FOOT THE BILL.

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PARIS?

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>>  PHIL.

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SHE IS ON HER

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 WAY TO 

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SPRINGFIELD

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NOT LOBBY

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 THE

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 LEGISLATIVE 

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LEADERS AND THE GOVERNOR YOU

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MENTIONED PENSION WEARY 

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SPRINGFIELD LAW

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 MAKERS

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 PASSED 

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STATE PENSION REFORM BOTTLED IN 

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THE

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 COURTS.

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HALF OF CHICAGO PENSION 

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REFORM

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AWAITS THE 

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GOVERNOR'S SIGNATURE 

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IS THAT IS

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 NO

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 SURE THING.

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PRESIDENT SAYS

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 THERE

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 SHOULD NOT

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BE A PENSION

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 FATIGUE LAW MAKE

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ARES NEED TO PASS COOK

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 COUNTY 

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BEFORE THE SESSION

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 ENDS IN THE 

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NEXT 10 

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DAYS.

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>>  IF WE DON'T DO

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 THIS WE WILL

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SUFFER A DOWNGRADE OF BONDING

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AUTHORITIES THE LONGER WE WAIT 

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THE HARDER IT 

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IS.

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IT

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 COSTS MORE

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 MONEY AND MAKE ITS

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MORE DIFFICULT TO

01:15.509 --> 01:16.677
 GET A 

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DEAL.

01:17.177 --> 01:18.745
>>  PARIS, 

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REMIND WHAT

01:19.513 --> 01:19.980
 THIS 

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PENSION REFORM 

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ENTAILS.

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RETIREMENTS OF COUNTY

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EMPLOYEES.

01:24.651 --> 01:25.586
JAIL 

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WORKERS, HOSPITAL WORK

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 ARES

01:27.888 --> 01:28.989
EMPLOYEES THAT CONTRIBUTE

01:29.623 --> 01:30.057
10.5 

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OF PAYCHECK TO 

01:31.325 --> 01:31.892
PENSIONS.

01:31.892 --> 01:34.528
THEY WOULD HAVE TO WORK 5

01:34.528 --> 01:35.262
 YEARS

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LONGER AND HAVE COST

01:36.597 --> 01:37.698
 OF LIVING 

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RAISES REDUCED NOT AS

01:39.166 --> 01:39.600
 MUCH AS 

01:39.600 --> 01:40.901
OTHER REFORM

01:40.901 --> 01:41.568
 PLANS IF THE

01:41.568 --> 01:42.302
 ENTIRE

01:42.302 --> 01:44.137
PENSION SYSTEM IS LESS THAN HALF

01:44.137 --> 01:44.972
FUNDED THE COST

01:44.972 --> 01:45.772
 LIVING RAISES 

01:45.772 --> 01:48.408
ARE

01:48.408 --> 01:50.544
 ELIMINATED.

01:50.544 --> 01:50.811
COME

01:50.811 --> 01:52.012
 WESTBOUND A MILLION DOLLARS

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PRICE TAG TAXPAYERS

01:53.180 --> 01:54.147
 ON THE

01:54.147 --> 01:54.581
 HOOK 

01:54.581 --> 01:56.917
FOR HIGHER PROPERTY

01:56.917 --> 01:57.651
 TAXES

01:57.651 --> 01:58.051
 OR

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SALE'S TAX.

01:59.620 --> 02:01.622
SHE CAN

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 49ED OTHER

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 WAYS TO

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 MAKE

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COSTS.

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>>  WE HAVE

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 DHAN WITHOUT RAISING

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PROPERTY TAXES AND

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 -- ROLLING

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BACK THE

02:14.902 --> 02:16.069
 REMAINING

02:16.069 --> 02:17.037
 SALES TAX

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INCREASE RETURN TO OUR

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 TAXPAYERS

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1.1 BILLION DOLLARS.

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WE FILED A

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 BILLION DOLLARS IN

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 --

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BUDGET GAPS WITHOUT

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 RAISING 

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SALES OR PROPERTY

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 TAXES AND

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SAVED OUR

02:31.018 --> 02:33.020
 TAXPAYERS.

02:33.020 --> 02:33.887
>>  PROPERTY

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 TAX OR SALES TAX

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HIKE WILL BE

02:36.523 --> 02:37.257
 NEED YOU COULD

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 FIND

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OTHER WAYS.

02:38.225 --> 02:39.293
>>  WE

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 WILL LOOK AT

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EVERYTHING.

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>>  EVERYTHING IS

02:45.132 --> 02:46.800
 ON THE

02:46.800 --> 02:47.634
 TABLE.

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WE SHOWED

02:48.669 --> 02:50.771
 CREATIVITY IN DEALING

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WITH THE FINANCIAL CHALLENGES WE

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PREVIOUSLY.

02:53.473 --> 02:54.341
>> 

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 THIS WAS AGREED

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 TO

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 BY 

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SEVERAL 

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UNIONS.

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THE UNION

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 REPORTING NURSES

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 IS

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NOT ON BOARD.

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THEY

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 VOW

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 TO

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 VOTE HIM

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 OUT

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 OF

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OFFICE IF THE PENSION DEAL

03:12.426 --> 03:12.659
 IS

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THERE.

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>>  WE

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 CONTRIBUTED

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 FAITHFULLY

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FOR

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 20

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 YEARS WE KEPT

03:19.199 --> 03:20.000
 OUR PART 

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AND BELIEVE COOK

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 COUNTY SHOULD 

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KEEP THEIR PART

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 AND

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 HONOR THE

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CONSTITUTION, OUR PENSION SYSTEM

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IS NOT BROKEN.

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ONCE WHO ARE BROKEN ARE

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 THE 

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POLITICIANS WHO WE ARE PUT

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 IN 

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OFFICE.

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WHO ARE

03:36.083 --> 03:36.950
 SUPPOSED TO

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 BE

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PROTECTING US

03:39.486 --> 03:40.821
 AGAINST THIS

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 TYPE 

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OF

03:42.389 --> 03:44.057
 THEFT!

03:44.057 --> 03:45.025
THAT'S ONLY THING YOU CAN

03:45.025 --> 03:45.692
 CALL 

03:45.692 --> 03:45.959
IT.

03:45.959 --> 03:47.461
>>  NURSES SAY THEY

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 WOULD RATHER

03:48.195 --> 03:49.263
THE COUNTY

03:49.263 --> 03:50.998
 INSTITUTE A TAX

03:50.998 --> 03:51.498
 ON 

03:51.498 --> 03:52.766
FINANCIAL TRACTIONS WE SPOKE

03:53.000 --> 03:54.001
WITH THE COUNTY

03:54.001 --> 03:55.536
 CFO AND SAYS THE

03:55.536 --> 03:56.403
COUNTY DOES NOT HAVE THE

03:56.403 --> 03:56.837
 POWER 

03:56.837 --> 03:58.205
TO LEVY SUCH A 

03:58.205 --> 03:58.805
TAX.

03:58.805 --> 04:00.040
>>  LAW MAKE ARES MIGHT

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IMPLEMENT THE REFORMS BEFORE

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 THE

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SESSION ENDS?

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>>  THIS BILL IS

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 SPONSORED BY

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CULLERTON AND SPEAKER

04:07.247 --> 04:07.781
 IN THE 

04:07.781 --> 04:09.316
HOUSE IT IS IS GOOD

04:09.316 --> 04:09.917
 COMPANY

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 IF 

04:10.384 --> 04:11.451
YOU NEED

04:11.451 --> 04:12.386
 A

04:12.386 --> 04:13.086
 BILL

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PASSED.

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THE SPEAKERER HAD DIFFERENT 

04:15.622 --> 04:16.890
PROBLEMS

04:16.890 --> 04:19.159
 REVEALED HE IS 26

04:19.393 --> 04:20.928
DEMOCRATIC VOTES SHORT OF

04:21.161 --> 04:22.529
EXTENDING OR MAKING

04:22.529 --> 04:23.330
 PERMANENT 

04:23.330 --> 04:24.765
STATE'S INCOME TAX.

04:24.765 --> 04:25.933
CAPITAL IT IS NOT GOING

04:25.933 --> 04:26.733
 SO FAR

04:26.967 --> 04:27.868
ON THAT

04:27.868 --> 04:29.536
 ISSUE PERHAPS

04:29.536 --> 04:30.537
 IT WOULD

04:30.771 --> 04:35.442
TAKE LESS MUSCLE

04:35.676 --> 04:37.411
>>  COME UP WHETHER SHE IS

04:37.644 --> 04:39.947
RUNNING FOR MAYOR SHE ASKED

04:40.180 --> 04:41.415
REPEATEDLY ABOUT T. WAS

04:41.415 --> 04:41.715
 SHE 

04:41.715 --> 04:43.016
ASKED TODAY.

04:43.016 --> 04:43.851
>>  SHE WILL

04:43.851 --> 04:45.018
 BE ASKED EVERY

04:45.018 --> 04:46.086
 TIME

04:46.086 --> 04:46.687
WE SEE

04:46.687 --> 04:47.855
 HER.

04:47.855 --> 04:49.156
SHE WAS ASKED LAST WEEK IT WAS 

04:49.156 --> 04:50.791
FOUND THAT THE MAYOR

04:50.791 --> 04:51.225
 POLITICAL

04:51.458 --> 04:52.359
DIRECTOR

04:52.359 --> 04:53.360
 ALLEGEDLY

04:53.360 --> 04:53.861
 CONTACTED 

04:53.861 --> 04:54.962
NEWSPAPER REPORTERS

04:54.962 --> 04:55.829
 URGING THEM 

04:55.829 --> 04:56.930
TO REPORT NEGATIVE

04:56.930 --> 04:57.865
 STORIES.

04:57.865 --> 04:59.099
HERE IS HER TONGUE AND

04:59.099 --> 04:59.499
 CHEEK 

04:59.499 --> 05:00.834
RESPONSE TO THAT ISSUE 

05:00.834 --> 05:01.535
TODAY.

05:01.535 --> 05:02.803
>>  YOU KNOW I

05:02.803 --> 05:03.537
 THINK

05:03.537 --> 05:04.705
 THAT

05:04.705 --> 05:05.973
 IT IS

05:06.206 --> 05:07.574
REMARKABLE SELF DEVELOP.

05:07.574 --> 05:08.542
I CONTINUE

05:08.542 --> 05:10.110
 TO EXERCISE

05:10.110 --> 05:11.912
 THAT SELF

05:11.912 --> 05:12.312
DISCIPLINE.

05:12.312 --> 05:13.814
SHE 

05:13.814 --> 05:14.715
SAYS.

05:14.715 --> 05:15.716
SHE IS

05:15.716 --> 05:15.916
 RUNNING

05:15.916 --> 05:16.817
 FOR OFFICE SHE 

05:16.817 --> 05:18.285
CURRENTLY HOLDS THAT IS NOT

05:18.285 --> 05:18.852
 A

05:19.086 --> 05:20.587
DENIAL THAT SHE MAY

05:20.587 --> 05:21.088
 NOT

05:21.088 --> 05:21.622
 SEEK TO 

05:21.622 --> 05:22.723
RUN FOR ANOTHER 

05:22.723 --> 05:23.624
OFFICE.

05:23.624 --> 05:24.591
>> 

05:24.591 --> 05:25.792
 PARIS THE

05:25.792 --> 05:26.560
 PROPERTY

05:26.560 --> 05:27.160
 TAX

05:27.160 --> 05:27.995
 HIKE.

05:27.995 --> 05:29.129
AS YOU THINK THE

05:29.129 --> 05:29.930
 MAYOR CALLERED 

05:29.930 --> 05:31.398
FOR 250 MILLION

05:31.398 --> 05:31.765
 WANTS

05:31.765 --> 05:32.432
 250 

05:32.432 --> 05:33.734
MILLION IN PROPERTY

05:33.734 --> 05:34.201
 TAXES THAT 

05:34.201 --> 05:35.836
IS A BILL THE

05:35.836 --> 05:36.203
 GOVERNOR

05:36.203 --> 05:36.837
 SAYS THAT

05:36.837 --> 05:37.938
HE HAS NOT ASSIGNED

05:38.739 --> 05:39.673
THAT.

05:39.673 --> 05:40.741
IF THAT

05:40.741 --> 05:41.775
 WERE TO

05:42.342 --> 05:42.776
HAPPEN.

05:42.776 --> 05:44.344
AND IF THE

05:44.344 --> 05:44.778
 COUNTY

05:45.779 --> 05:46.413
IMPOSED A

05:46.647 --> 05:48.048
PROPERTY

05:48.048 --> 05:48.582
 TAX

05:48.582 --> 05:49.416
 THEY GET IT FROM

05:49.650 --> 05:50.651
BOTH ENDS.

05:50.651 --> 05:51.818
>>  WHAT HE IS SAYING

05:51.818 --> 05:52.953
 THEY DON'T

05:52.953 --> 05:54.121
HAVE TO WORRY HOW

05:54.121 --> 05:55.689
 TO

05:55.689 --> 05:56.290
 PAY FOR 

05:56.290 --> 05:57.824
THIS FOR YEAR AND A 

05:57.824 --> 05:58.158
HALF.

05:58.158 --> 05:59.626
SHE

05:59.626 --> 05:59.793
 BUILT

05:59.793 --> 06:00.861
 THAT IN THE

06:00.861 --> 06:03.230
 BILL.

06:03.230 --> 06:03.830
PUTTING THE

06:03.830 --> 06:04.431
 TAX

06:04.431 --> 06:05.832
 HIKE IN THE

06:06.400 --> 06:07.367
BILL.

06:07.367 --> 06:08.602
EVEN THOUGH THAT WAS TAKEN OUT 

06:08.602 --> 06:10.404
SHE DID NOT PUT THAT

06:10.404 --> 06:11.004
 IN THE

06:11.004 --> 06:11.572
 BILL

06:11.572 --> 06:12.873
THE GOVERNOR MIGHT HAVE

06:12.873 --> 06:13.740
 MORE 

06:13.740 --> 06:15.209
INCENTIVE TO SIGN THIS THAN

06:15.209 --> 06:16.009
 THE

06:16.243 --> 06:17.477
CHICAGO PENSION REFORM BILL

06:17.711 --> 06:18.946
WHICH COULD MAKE FOR AN 

06:18.946 --> 06:20.180
INTERESTING 

06:20.180 --> 06:20.681
DYNAMIC.

06:20.681 --> 06:22.482
>>  WHEN YOU KEEP IN MIND THE

06:22.716 --> 06:23.884
GOVERNOR AND MAYOR DON'T

06:23.884 --> 06:24.551
 GET 

06:24.551 --> 06:24.852
ALONG.

06:24.852 --> 06:26.253
HOW DOT GOVERNOR AND TONY

06:26.253 --> 06:26.687
 GET 

06:26.687 --> 06:27.087
ALONG.

06:27.087 --> 06:28.222
>>  SHE SAYS

06:28.222 --> 06:29.156
 THEY HAVE BEEN 

06:29.156 --> 06:30.657
SPEAKING HE DID NOT SAY WHAT HE 

06:30.657 --> 06:32.125
WOULD 

06:32.125 --> 06:32.392
DO.

06:32.392 --> 06:34.127
MAYOR AND

06:34.127 --> 06:38.127
 GOVERNOR