Local mayors are asking state lawmakers for help to pay multi-million dollar police pensions. But the help may cost taxpayers more. A dozen or so suburban mayors told lawmakers earlier this week not to freeze property taxes. They said property tax is one of the only ways they can afford police and fire pensions.
Palos Hills Mayor Gerald Bennett said a single police pension can cost taxpayers in his city $3 million.
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Bennett said the state sets the benefits, the state has ordered that pension accounts be 90 percent funded, and now the state wants to freeze the money he uses to make those payments.
David From with Americas for Prosperity in Illinois said mayors are just now realizing what they've done by agreeing to these pensions.
From said more tax money isn't the answer. He said the mayors need to “close the checkbook.”