Firefighters battle a three-alarm fire in an occupied four-story apartment building in the 5100 block of Chicago's South Kenwood Avenue on Dec. 6, 2022.
In April, two bills passed out of committee in the General Assembly that would boost the pension benefits of Chicago firefighters hired after 2010. One would increase cost-of-living adjustments, and the other would boost the final average salary used in determining a pension. Two years ago, Gov. J.B. Pritzker signed a measure that similarly granted higher cost-of-living increases to Chicago firefighters. At the time, Pritzker claimed that selling the state-owned James R. Thompson Center would pay for his giveaway by putting that public building back on the property tax rolls, and he took an undeserved bow for supporting first responders.
What structural changes? Well, probably more taxes. Illinois, for instance, could boost its revenues by taxing retirement income and/or by extending its sales tax to professional services, steps certain to anger important constituents. But what it needs most is an amendment to the Illinois Constitution that eliminates the pension protection clause, the key legal obstacle to necessary reforms.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House committee to hear legislation in support of Chicago Bears' plans to move to Arlington HeightsThe legislation includes a $3 admission tax to help pay off debt from renovating Soldier Field two decades ago.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Hundreds of Chicago moms prepare to rally for gun safety legislation at state capitolWe talked to Valerie Burgest. She lost her son to gun violence in Chicago. She's one of more than 800 moms from across Illinois fighting at the state Capitol today.
Source: cbschicago - 🏆 546. / 51 Read more »
New Jersey Sen. Bob Menendez set to introduce federal legislation against congestion pricingIf the plan moves forward, drivers could pay up to $23 to enter Manhattan below 60th Street during peak hours.
Source: CBSNewYork - 🏆 268. / 63 Read more »
Binance pulls out of Canada, and Florida Gov. DeSantis signs CBDC legislation: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, EMURGO's Vineeth Bhuvanagiri discusses how experimental new tokens on bitcoin's blockchain are affecting the network.
Source: CNBC - 🏆 12. / 72 Read more »
Menendez proposes federal legislation to require N.J. has a voice in N.Y.C. congestion pricing planU.S. Sen. Robert Menendez will propose legislation to require N.J. gets a voice in congestion pricing or N.Y. could lose federal highway money.
Source: njdotcom - 🏆 282. / 63 Read more »
Bowser Proposes Stiffer Gun Penalties, More Pretrial Detention In New LegislationD.C. Mayor Muriel Bowser wants the D.C. Council to increase penalties for certain gun crimes, and give judges more discretion to detain people ahead of trial and deny their petitions for early release.
Source: DCist - 🏆 518. / 51 Read more »