US - The City of Evanston, Illinois, will have to go back to the drawing board to find ways to plug unfunded liabilities of US$140m in its police and fire pension funds, after residents voted against raising real estate transfer taxes.
With 98.57% of the vote counted yesterday, 57.98% of residents voted against raising the tax by 20%. The rise would have seen real estate transfer taxes rise to US$6 for every $1,000 of value, up f...
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