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Quinn Administration Releases Study: Without Pension Reform, Illinois Will Spend More on Pensions than...
CHICAGO, IL - August 6, 2012 - (RealEstateRama) -- Governor Quinn released data today prepared by the Illinois Office of Management & Budget (OMB) that shows without comprehensive pension reform, Illinois will spend more on pensions than education by Fiscal Year 2016. The budget office performed the district-by-district analysis based on current projections to examine the long-term funding challenges of the state if comprehensive pension reform is not enacted. The analysis was released just days after Governor Quinn called a special session dedicated to pension reform on August 17.
