News

Study Predicts Pension Bill Won’t Ease Deficit

Study Predicts Pension Bill Won’t Ease Deficit

A report released today says Illinois’ plan to save $160 billion ultimately won’t make much of a dent in the state’s growing deficits. The University of Illinois’ Institute for Government and Public Affairs study says changes to the state’s major public pension systems will eliminate their unfunded liability over the next 25 years, but the state’s deficit will increase to $13 billion during that time. Institute researchers projected a $14 billion deficit — a $1 billion difference — if the state had not implemented pension reform. Institute Director Chris Mooney says the study was released purposely as campaigns for the 2014 general election begin to heat up. Mooney says he wants to make sure the state’s fiscal crisis is talked about and that people “don’t get complacent.”

 

Recent Headlines

in Entertainment

Stay Puft Marshmallow Man ruins your favorite movie

Fresh
stay-puft

Again, the internet proved it's awesomeness with #AddAPuftRuinAMovie. These are some of our favorites!

in Music

Sam Smith’s inspiration? Unrequited love

samsmith

The chart-topping debut album, "In The Lonely Hour," is a reflection of a love that wasn't reciprocated.

in Entertainment

Countdown: Supporting characters that need their own movie

From left: Jon Gries (Uncle Rico), Jon Heder (Napoleon Dynamite) and Aaron Ruell (Kip) in "Napoleon Dynamite," a comedy about a quirky teenager growing up in the remotes of Idaho, trying to understand his life.

Which of these supporting characters should have their own movies?

in Music

Nicki Minaj gets animated for children’s cartoon

nickiminaj

The rapper is guest starring in an upcoming episode of "Steven Universe."

in Entertainment

Zach Braff: Not dating Taylor Swift

zachbraff

The "Scrubs" star says he isn't dating the "Love Story" hitmaker.