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Mayor Emanuel property tax, class size hikes coming

Jun 6, 2013 by

Mayor Rahm Emanuel on Wednesday defended his failed attempt to ease pension payments bearing down on the Chicago Public Schools and did not rule out increases in property taxes or class sizes after coming up empty-handed.

The surprise bill rejected by the Illinois General Assembly would have extended for two more years a so-called pension “holiday” that allowed CPS to pay just $196 million into the teachers’ retirement fund this year.

via Emanuel won’t rule out property tax, class size hikes as pension problem looms – Chicago Sun-Times.

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