Vote Smart's Synopsis:

Vote to override a veto of a bill that amends Chicago police and firefighter pension plans.

Highlights:

• Requires the Chicago city council to levy property taxes at a rate that will produce the following contributions to the police pension fund (Sec. 5):
• $420 million for tax year 2016;
• $464 million for tax year 2017;
• $500 million for tax year 2018;
• $557 million for tax year 2019; and
• $579 million for tax year 2020.

• Requires the Chicago city council to levy property taxes at a rate that will produce the following contributions to the firefighter pension fund (Sec. 6):
• $199 million for tax year 2016;
• $208 million for tax year 2017;
• $227 million for tax year 2018;
• $235 million for tax year 2019; and
• $245 million for tax year 2020.

• Extends the date by which the Chicago city council is required to appropriate 90 percent of police and firefighter pension funds from 2040 to 2055 (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to override a veto of a bill that amends Chicago police and firefighter pension plans.

Highlights:

• Requires the Chicago city council to levy property taxes at a rate that will produce the following contributions to the police pension fund (Sec. 5):
• $420 million for tax year 2016;
• $464 million for tax year 2017;
• $500 million for tax year 2018;
• $557 million for tax year 2019; and
• $579 million for tax year 2020.

• Requires the Chicago city council to levy property taxes at a rate that will produce the following contributions to the firefighter pension fund (Sec. 6):
• $199 million for tax year 2016;
• $208 million for tax year 2017;
• $227 million for tax year 2018;
• $235 million for tax year 2019; and
• $245 million for tax year 2020.

• Extends the date by which the Chicago city council is required to appropriate 90 percent of police and firefighter pension funds from 2040 to 2055 (Sec. 5).

Full Bill Text

Vetoed by Governor Bruce Rauner