Press Detail

Emanuel eyes utility tax increase to save largest pension fund

Posted on August 03, 2016

Chicago Sun-Times

This article reports on the City of Chicago’s potential plan to save the Municipal Employees Pension fund through raising utility taxes. Civic Federation President Laurence Msall remarks that there are very few, if any, sources of revenue that could generate the amount of money needed to fund the City’s largest pension fund at an actuarially determined level.