Chicago faces a significant, and growing public pension problem. According to the Chicago Sun Times, Chicago’s four pension plans (including for teachers and public safety workers) face a combined debt[...]
Tagged: Mayor Rahm Emanuel
Chicago Mayor Rahm Emanuel is proposing to increase the city’s cigarette tax by $.75 a pack, which would raise the combined local and state tax rate to $7.42 a pack- the highest in the nation. The video above, by Fox 32, features the Heartland Institute’s John Nothdurft and his brief, yet powerful, opinion on the proposed tax increase.