Most Active Stories
- UPDATE: Outgoing CCHS Football Coach Overspent Around $30,000
- House Speaker Stumbo Files Bill to Prohibit Brewery-Owned Distributorships
- Paducah Riverfront Hotel Undergoes Design Changes, Delays Possible
- Local Distillery to Produce George Jones-Brand Moonshine
- Kentucky Fish and Wildlife Officials Say No Regulation for Asian Carp Harvests
Tue January 21, 2014
Study Says IL Pension Reform Deficit Will Still Grow
A report released today says Illinois' plan to save $160 billion ultimately won't make much of a dent in the state's growing deficits.
The University of Illinois' Institute for Government and Public Affairs study says changes to the state's major public pension systems will eliminate their unfunded liability over the next 25 years, but the state's deficit will increase to $13 billion during that time.
Institute researchers projected a $14 billion dollar deficit — a $1 billion difference — if the state had not implemented pension reform.
Institute Director Chris Mooney says the study was released purposely as campaigns for the 2014 general election begin to heat up. Mooney says he wants to make sure the state's fiscal crisis is talked about.