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Tue January 21, 2014
Budget Gap To Increase Despite Pension Overhaul
Illinois' pension overhaul is tied up in a court challenge. But even if it remains law, cuts to state employees' and public school teachers' retirement benefits will not solve the state's budget problem. That's the forecast from a report issued today by the University of Illinois' Institute for Government and Public Affairs. Amanda Vinicky spoke with the report's principle author, economist Richard Dye.