PEN CD-ART 6-MUNICIPAL TAX

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that, in calendar year 2009 and each year thereafter, the city shall levy a tax annually at a rate on the dollar of the value, as equalized or assessed by the Department of Revenue of all taxable property within such city that will produce, when extended, not less than (was, not to exceed) an amount equal to the total amount of contributions by the employees to the fund made in the calendar year 2 years prior to the year for which the annual applicable tax is levied, multiplied by 2.26. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.