State's unpaid bills expected to grow
Updated: February 26, 2013
SPRINGFIELD -- The state's unpaid bills are expected to grow over the next five years if something isn't done about the pension crisis. That's according to a new report released by the Civic Federation.
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.
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.
Comments
So I wonder if Illinois would deport all the illegals sponging off the tax payers. If Illinois would require welfare recipients to be on contraception and stop the baby factories from reproducing babies they can't afford and are unfit to raise and if they required the welfare folks to either work or go to school and make passing grades how much that would help the hard working tax payers in the long run. Seems all these welfare baby factories are just being rewarded for their irresponsible behavior instead of being held accountable.
Jake J.
February 25, 2013 at 8:55 pm
