Quinn: Pension debt paramount over ADM tax break - Fox 2 News Headlines

Quinn: Pension debt paramount over ADM tax break

Posted: Updated:
(Archer Daniels Midland Co.) (Archer Daniels Midland Co.)
CHICAGO (Associated Press) -

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.


ADM bid for tax breaks draws criticism

Chicago in talks with ADM to relocate to city

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices