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Mayor Rahm Emanuel Rolls the Dice to Pay Chicago's Pension Bills
The Wall Street Journal; subscription may be required Link to more items from this source
June 8, 2015

"Hiking Chicago's property taxes, which have increased by about half over the past five years, is politically unpopular. Ditto raising the city's 9.25% sales tax, which is among the highest in the state and Midwest. And Illinois Republican Gov. Bruce Rauner has thrown cold water on a state bailout. Opinion Journal Video Independent Institute Senior Fellow Lawrence McQuillan on his new book, 'California Dreaming,' and how to right the state's finances. Photo credit: Getty Images. So how does Mr. Emanuel plan to pay the city's pension bills? Gambling. The mayor wants state lawmakers to authorize a city-owned casino whose revenues would exclusively fund pensions. He says the casino would be a win-win for workers and taxpayers."

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