Cullerton dismisses union tax proposals to support pensions

By Doug Finke, The State Journal-Register

Illinois Senate President John Cullerton Monday largely dismissed a proposal floated by public employee unions to close business tax breaks and raise other taxes in order to meet the state’s pension obligations.

Speaking to the editorial board of The State Journal-Register, Cullerton said a change in pension benefits is also necessary to solve the state’s pension funding problems.

Cullerton is the sponsor of Senate Bill 1, which incorporates two separate pension reform plans into one bill. Both of those plans include reductions in cost of living adjustments to pension benefits.

http://www.sj-r.com/thedome/x930795810

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