Pension Overhaul: How Will Tax Rates Be Affected?
This month, Illinois lawmakers took a major step in repairing the state's finances by approving a pension overhaul. The plan has its critics, including unions who promise to file a lawsuit. The courts will decide whether the pending changes violate the state's constitution.
In the meantime, the average taxpayer in Illinois might be wondering if the law will have any sort of ripple-effect on their tax rates. U-of-I economist Jeff Brown says it's a mixed-bag. He spoke with WNIJ's Mike Moen.
To hear the interview, click on the audio below: