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:Meth Bust At Central City Home Results in Six Arrests
Centralia to Form Committee to Improve Potential Hotel Viability
Salem Accident Sends Woman to Hospital
Frerichs Announces Firm will Review Treasurer's Office
Rauner Replaces Quinn Appointee on Sports Facilities Authority