Kicking the Can Down the Road
Rahm releases his preliminary 2015 budget...guess what doesn't get addressed?
- Mayor Rahm Emanuel on Wednesday accused the Illinois Supreme Court of throwing a “wet blanket” on pension reform talks with police and fire unions and said he’s hoping for a statewide solution to the problem that might include a sales tax on services.
In a meeting with the Chicago Sun-Times editorial board, Emanuel explained why he ignored the elephant in the room — a state-mandated, $550 million payment to shore up police and fire pensions — in a pre-election budget that bolsters services with higher taxes on parking, car leasing and cable television.
Emanuel said he’s determined to “hold to the principle that reform and revenue go together,” just as he did in crafting a deal that saved the Municipal Employees and Laborers pension funds, with a telephone tax hike covering the first year of the city’s increased obligations.
But he argued that the Illinois Supreme Court made that impossible when it ruled in July that subsidized health care premiums for state employees are protected under the state Constitution and cannot be “diminished or impaired.”
Pushing it to the crisis point....and beyond.
Labels: pension
posted by SCC at 12:01 AM
49 Comments:
Is this the same court that allowed him to stay on the ballot?
How soon can the Unions take some type of civil OR CRIMINAL action against him ???
Make sure you Vote For Rahm
Hes endorsed by Dean and FOP
You got nothing.
Rauner will not exercise rules to force Emanuel to fund the pension with the 550 million ordered by the court. Quinn will. For that reason only, I'm voting for Quinn.
He made that money up ten fold on the new contract he is screwing P.O's on.
Rahm is just a shitbag!
Are the Shitcago politicians pensions full funded?
Rahm will never pay that money. He will do everything under the sun to avoid doing it and we all know he will get his way somehow and we will all pay for it in pension cuts and a higher retirement age with no medical insurance. Bank on that!
Well when Rham cries poor hopefully the FOP will get a lawyer, go to court and make Rham show how much is in TIF funds that the city is so broke!!! Then maybe shore up our pension. Don't need reform just the city to put in its share!!! Every city employee has paid into their pension never, ever missing a payment, so pay up Rham you cheap (fill in the blank).
"Never let a crisis go to waste". Raccoon Eyes.
The mayor is hoping Rauner gets in so they,along with Madigan can gut the pensions.
This way he won't have to make that required payment.
They'll reduce the payment requirements so they'll be fully funded, just like he eliminated all those positions from the CPD, putting it at full strength.
What a a choice-a Potato head,or a slime ball.
It's inevitable that we will take a hit. The question is, how bad?
Not one politician has ever taken a hit or seen their numbers reduced.,SCUM
The Daley-Emanuel death spiral continues.
rauner and ballerina both want service taxes , next year , after elections big property tax increase is coming
what is bob fioretti ' s position on raising taxes , why not cut waste in gov't spending
will Karen request her supporters to vote for fioretti
she is the power broker
So why would PO's vote for a contract that created a 2% reduction of pension benefits for retirees with healthcare?
ANS:It's a work around for Rahm considering the supreme court ruling.
Vote No.
Obviously he doesn't care about court rulings.
Are cops paid too much?
If Rahm cut salary and benefits 50 percent, hundreds of people would still be lining up to apply for a job on the police force.
I agree that Mayor Rahm Emanuel's 2015 budget is no more than an costly joke being played on the city taxpayers. The truth is that Rahm Emanuel has no leadership skills and has put or city three billion dollars more in debt and made our city bond rating drop to an all time low. Rahm Emanuel has only one plan for Chicago and that is to tax it citizens in to poverty with New city fines and fees that go to pay for absolutely nothing. While trying to destroy and privatize all city Unions jobs. As a city taxpayer and city worker I believe we as a city need new leadership in city hall.
WWW.collinsforchicago.com
Let it go broke then offer desperate retirees pennies on the dollar, aka the Detroit Model.
If the payment is mandated by statute, then the FOP or the AG (ha/ha) should take legal action to force the city to comply.
Rauner will get him off the hook.
Wow, he disregards a court order and nothing is going to happen to him?
Ballerina worked for Mr. Rainer and made big dollars .
Looks like another combine if he gets elected .
Quinn will protect our pension .
the constitution of the state of Illinois was meant to be a wet blanket to thieving politicians you prick
Anonymous Anonymous said...
Rauner will not exercise rules to force Emanuel to fund the pension with the 550 million ordered by the court. Quinn will. For that reason only, I'm voting for Quinn.
10/16/2014 01:55:00 AM
----
it's not up to Rauner to make that decision. It up to the Illinois senators and reps
So let me get this straight this piece of shit jagoff raises retirees health care costs while the case is still in court then refuses to contribute mandatory pension contributions waiting for the outcome of the health care decision. Any police or fire employee or family member who votes for this cock sucker is absolutely insane.
everyone says Rauner will come after our pensions if elected. What do you think Rham and Quinn are going to do? After elections look for income tax increase, property tax increase, and more legislation reducing pension. What do you think they did not go after police and fire pensions with the rest of the pensions. I think our pensions are protected by the constitution, but I don't think Rauner will raise taxes.
Why is a city Mayor weighing in on state wide issues?
Shouldn't he concern himself with righting his own ship before tackling other legislatures issues?
He doesn't care, he's gone in the next election cycle
Can someone point out all the BS projects city hall spends $$$ on and call them out? Come on!
IL needs Right to Work and Term Limits. Take the f'n fun and profit out of politics for good. That'll eliminate our financial problems in less than five years.
Wait till his BFF Bruce is running the state...then there will be no stopping him and he'll get his reform...people in the burbs seem to falling for all Rauner's BS.....I hate to say it but might have to vote for Quinn...at least he's the devil we know...
Of course it doesn't get addressed; Rahm has no intention of funding our pensions. Isn't that clear by now? OK, let's turn an old phrase, Ray Charles can see Rahm intends on having his pal Bruce Rauner contribute to we pension grabbing people getting a 40% haircut, at least, on our promised pensions.
Count on it.
Rahm has already this week expressed much displeasure on what he calls "Illinois Supreme Court Interference."
Rahm calls the idea of pension givebacks the "principle" of revenue and pensions. Meaning he doesn't have the money, has no intention of raising a finger to pay the money so we better get used to the idea of getting less, much less, on our pensions.
Count on it, bet on it, he will dedicate his evil soul and Rauner's deceit on making it happen.
We are going to be in a fight like none other, we will be in a fight for our very survival. Who on this job can make it on 50% or 60% of our promised pension? That is what he will try to shove down our throats.
Get ready to work til you die.
He is Hell bent on not meeting the city's obligation to our pension.
He wants us to "bleed" a little because he thinks our pensions are too extravagant.
This guy is a total tool..... he needs to be voted out.
Remember this. A vote for Rauner is a vote for his good buddy Rahm.
Rahm's hoping Rauner gets elected so he can tell Rauner to back off the city's required $550 million nut to shore up our pensions.
What do we have maybe 11,000 active 6,000 retired all armed and frustrated? Don't worry he will try to weasel out but will fund it! If he wants total labor peace he could call his friend Obama in Washington and have billions put in the pension funds but he won't! But he will give billions to illegals and welfare scum, throw money at the worst school system in the country,and give 3+ meals to every kid weather they throw that garbage out or not!
Your tax dollars wasted? Think rahm!
I've been reading posts on various wasteful and/or crony-connected spending in Chicago, and I've got to ask:
Why hasn't the FOP asked for injunctions on such spending, until the pension payments have been made? Why isn't anyone trying to get the issue of mandated pension payments in front of the courts? Why aren't the unions demanding appointment of a receiver for the city's finances, since the mayor and council are not fulfilling their obligations?
It just seems obvious.
The DemocRAT union trolls are trying to plant the bullshit seeds that Rauner is going to take our pensions. Quinn, Daley, Madigan, etc. have been giving our pension money away for decades to buy votes. I'd rather have a successful businessman in office than people who pander to welfare leaches and illegals just to buy votes. Fuck off. I'm not voting for the same shit. If Rauner doesn't do anything in four years..I'll vote for someone else.
He won't give up those TIF funds. He won't inch up the taxes either. When his pal loses his phony GOP run for Governor, he has nothing. He's not doing anything until March 2015, that's when he starts packing up after losing the election.
Dump Rahm-Rauner 2015.
Anonymous said...
"Never let a crisis go to waste". Raccoon Eyes.
10/16/2014 07:02:00 AM
No. Just delay the crisis until after the elections.Then stick it in your ass.
I retired 5 years ago,early(25 YOJ), but figured I would try to collect as much as I could, before the pension fund runs out.
Young Guns-I was maxed out in Deferred, and am comfortable. I would suggest, looking back at it, to find a good money manager such as an Edward Jones agent who makes money when you make money.
Deferred Comp. is terrible as far as keeping your funds in line.You are stuck unless YOU decide to move your money, which can be too late.
Place that Deferred Comp money with someone who can move it to your advantage, at the right time.
I am in no way a financial wizard, but I have seen my investments grow beyond Deferred with an outside agent.
Good Luck,Stay Safe.
Old Guy
Anonymous Anonymous said...
Make sure you Vote For Rahm
Hes endorsed by Dean and FOP
10/16/2014 01:23:00 AM
OK stupid this isn't true, you know it, NO one has been endorsed in the FOP in the Mayoral election.
And as for the state statute on tiny dancer paying into the pension, the law states that if he doesn't pay up, the pension gets first crack at the sales tax collected until the amount required is paid. Rahm is simply going to let the state take the money from the sales taxes and then raise property taxes to make up the difference and then some and blame it all on the greedy police and their pensions.
Are cops paid too much?
If Rahm cut salary and benefits 50 percent, hundreds of people would still be lining up to apply for a job on the police force.
Good luck with that low paid police force. Can't imagine any problems with that.
IL needs Right to Work and Term Limits. Take the f'n fun and profit out of politics for good. That'll eliminate our financial problems in less than five years.
Term limits yes. Right to work no. So, destroying middle class jobs is ok as long as it's not us?
Anonymous said...
Is this the same court that allowed him to stay on the ballot?
10/16/2014 12:05:00 AM
Nice catch!
Rahm whines like a kid busted for stealing candy because he's pissed that it's taking so long for him to steal that $600 million from us that Daley stole from us by intentional underfunding.
You can bet your ass that if this were money that Policemen were withholding from Rahm while waiting for SCOIL to turn previous rulings and letter of law on their heads to enable Policemen to renege on paying, Rahm would have his media whores running daily anti-police slam pieces on every network and in both rags in addition to any legal action he could think of.
Anon 12:05 EXCELLENT POINT
>>>Anonymous said...
Is this the same court that allowed him (Rahm) to stay on the ballot?
10/16/2014 12:05:00 AM<<<
Anonymous Anonymous said...
Anon 12:05 EXCELLENT POINT
Is that the same court that never asked that while you were working in The White House did you on a timely basis file Illinois Income Tax returns?
I do not like Rahm but that settled his residency question.
City quietly paid 612 million to teachers pension in June 2014, city has the $ and does not need to put in in 9 billion dollar budget
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