http://www.southwestobserver.com/council-secures-cta-pension-funds0622757 Comments for "Council secures CTA pension funds" en http://www.southwestobserver.com/council-secures-cta-pension-funds0622757 <p>By Christina Zdanowicz<br /> Medill Reports - Chicago</p> <p>Transit riders and CTA employees breathed a joint sigh of relief Wednesday afternoon as the Chicago City Council approved a way to fund pensions and a retiree health care plan for CTA workers.</p> <p>A reluctant City Council voted to increase the city's real estate transfer tax from $7.50 per $1,000 to $10.50, as authorized by the mass-transit bailout bill passed on Jan. 17.</p> <p>If collection begins in April, the CTA is expected to generate $63 million from its share of the tax through the end of 2008.</p> <p><a href="http://www.southwestobserver.com/council-secures-cta-pension-funds0622757">read more</a></p> http://www.southwestobserver.com/council-secures-cta-pension-funds0622757#comments Beverly Local Organizations Morgan Park Mount Greenwood Politics Wed, 06 Feb 2008 19:33:12 -0700 Medill News Service 22757 at http://www.southwestobserver.com