June 23, 2005

IL Pension diversion plan to cost $7 billion over 40 years

Illinois taxpayers can expect a bill of nearly $7 billion for the Democrats' decision to balance the state budget by diverting cash from public pension systems, a Rockford Register Star analysis shows.

For each of the 12.7 million residents in Illinois, that would amount to $539.58, which would be spread over 40 years as the state works to pay down its pension debt.

Maybe no one will notice??

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