Illinois Gov. J.B. Pritzker signed a firefighter pension bill into law this week that both Democratic Chicago Mayor Lori Lightfoot and Republicans in the state have called a “fiscally irresponsible” bill that will increase property taxes.
The new law removes an age restriction on a 3% cost-of-living increase that affects about 2,200 current and retired firefighters born after 1966, according to the Chicago Sun-Times.
The governor said the law assures “fair treatment,” adding that he believes “hardworking men and women who have earned their pension shouldn’t pay the price for local or state budget challenges.”
Lightfoot had asked for the governor to veto the bill, which she said would create a “deeper financial burden” for Chicagoans already struggling during the pandemic.
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Chicago Mayor Lori Lightfoot and Illinois Gov. J.B. Pritzker are seen in Chicago on Tuesday. (Associated Press)
She added that firefighters need to be “appropriately compensated” but stressed that an “unfunded” bill is the “exact wrong way to accomplish this goal.”
Republican House Deputy Minority Leader Tom Demmer agreed with Lightfoot that the law will make a “property tax increase inevitable.”
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“Chicago taxpayers are on the hook for an additional $850 million thanks to Governor Pritzker signing HB2451 into law today,” Demmer said in a statement.
He added that Pritzker “continues his bad habit of spending hypothetical revenue” by bringing up the potential sale of the James R. Thompson Center in Chicago as a way to pay for the pension increases.
Lightfoot said the bill is “fiscally irresponsible and validates a Springfield practice of cutting backroom deals without full transparency and debate,” agreeing with Republicans that it would add an $18-30 million financial obligation that will necessitate another property tax increase.
The legislation was introduced by state Sen. Robert Martwick, a Democrat, and passed in January.
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Martwick told the Sun-Times it makes the city “confront necessary, albeit really difficult, decisions about what they need to do with their finances, so that they can live up to the commitment to fund their pensions properly.”