Governor: Pension Debt Paramount Over ADM Tax Break
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:Police Beat for Sunday, February 7th, 2016
School Funding Overhaul Again Faces Long Odds in Springfield
Illinois Owes Springfield Hospitals $76 million
Juror: Evidence Not Strong Enough to Convict Ex-Prosecutor
Court Effort Aims to Link Job Placement with Child Support