“Summers says there’s a bill nearing passage in Springfield that that would give Teachers Pension Funds their own tax levy. No, says Summers, that doesn’t mean higher property taxes.”

Comment: Just an academic exercise, apparently. Puhleez.

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Jim Palermo
5 years ago

Wouldn’t this be just like the downstate police and fire plans that levy pension taxes with the approval of the municipalities’ governing bodies? In the case of P&F, property taxes don’t increase but the allocation of the property tax dollars may shift to pensions from other spending categories.

Mark Glennon
5 years ago
Reply to  Jim Palermo

I believe he is referring to a different concept, under which the pension board itself could act to force the levy or it would be automatic, as with IMRF.