Illinois Record Budget Impasse Makes It Worse for the State's Pension DisasterBy
Land of Lincoln faces worst pension shortfall of all 50 states
No budget impedes efforts to stem mounting retirement deficit
As 2015 draws to a close, Illinois marks half a year without a budget. No spending plan has driven up borrowing costs, sunk its credit rating, and perhaps worst of all, exacerbated the state’s biggest problem: its underfunded pensions.
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