Ideas Flow For Pension-Funding Fix Ahead Of Emanuel Address

Craig Dellimore
December 11, 2018 - 5:27 pm

Former Chicago alderman Bob Fioretti (WBBM Newsradio)


CHICAGO (WBBM NEWSRADIO) -- Mayoral candidate Bob Fioretti says the only way to bring down Chicago’s crushing pension debt is with a menu of new revenues, including money from a proposed commuter tax.

On Wednesday, incumbent Chicago Mayor Rahm Emanuel outlines his plans to end the city’s pension-funding crisis. On Tuesday, former alderman Fioretti — who’s vying to succeed Emanuel — is among candidates suggesting a host of ideas that includes taxes on legalized marijuana, casino gaming and video poker should be considered.

Fioretti said taxes on legalized marijuana won’t generate enough revenue to have much effect on Chicago’s $28 billion pension liability. He said a commuter tax would be a fair way of raising revenue as well.

There are many people who come into Chicago to work every day.

Fioretti has run for mayor and Cook County Board President before -- unsuccessfully in each case.