Governor: Pension Debt Paramount Over ADM Tax BreakCHICAGO (AP) - Gov. Pat Quinn says he isn't worried that he might be putting the state at a disadvantage in keeping grain giant Archer Daniels Midland Company in Illinois.
Quinn spoke to reporters following a business event at the University of Illinois-Chicago on Friday. He says he doesn't think any corporation should be seeking tax-break legislation in the state right now. That's because the Chicago Democrat says Illinois' $100 billion pension crisis is paramount. Quinn told The Associated Press Thursday that he wouldn't support ADM's requested $24 million tax break.
The company announced last week that it plans to move its headquarters and 100 jobs out of Decatur to a location with better global access. Quinn says the company will still be keeping 4,400 jobs in Illinois.
See other LocalNews news:South Central Receives One of 12 Federal Literacy Grants
Alleged Buchheit Burglar Indicted by Federal Grand Jury
Centralia HS Alumni Association Opens New Capital Funds Donation Initiative
Mark Decker Drops Out of Salem Mayoral Race, Three Candidates Remain
Centralia High School Approves Low Tax Levy