News

Gov. Rauner: State to borrow money to pay down bills; cuts still needed to balance budget

September 8, 2017

By Greg Bishop, includes “… The unpaid bills are just part of the state’s debt problem. Aside from being the state with the lowest credit rating, just above junk status, the state also has more than $130 billion in unfunded pension liability. Government finance watchdog Truth In Accounting puts the state’s debt up to $210 billion, including promised government retiree health benefits.”

Read the full article on: Illinois News Network

 
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