The watchdog group says it could climb to $22 billion by 2018 unless lawmakers pass a reform plan. Pension costs are already eating up a good chunk of the budget and it's only expected to get worse.
If things do get worse, it could mean trouble for state vendors like schools and hospitals. They've been waiting months for payments. The report noted the pension crisis isn't the only problem plaguing the budget. The Medicaid system has played a role too.
As for recommendations, the group says it would like to see the state shift pension costs for teachers onto school districts and get rid of the automatic 3% increase state workers currently get.
To review the report click here.