Tax Hikes Are Not Going to Fix to Cities’ Growing Pension Costs – Reason Foundation

The city of Elmhurst, Illinois, for example, is asking for a 3.5 percent increase in property taxes this year to help pay for its growing public pension bill. One city councilwoman in Elmhurst said the increase is “completely driven by another increase in pension contributions”. But tax increases like this target the symptom rather than the cause of growing pension costs.