A report from the Chicago-based Civic Federation predicts that Illinois' backlog of unpaid bills will reach nearly $22 billion within five years without legislative action to hold down pension costs.
The Civic Federation's analysis was released Monday. The watchdog group notes some improvement since last year when it was forecasting a $35 billion backlog in overdue bills. The improved outlook is largely because of $1.6 billion in Medicaid cuts Gov. Pat Quinn signed into law last year.
Civic Federation President Laurence Msall says Illinois lawmakers need to restructure its pension systems because they are keeping the state in what he calls "its fiscal downspin."
The report says the state's backlog of unpaid bills is expected to grow to $21.7 billion in 2018 from $7.8 billion this year.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, June 13 2013 1:45 PM EDT2013-06-13 17:45:09 GMT
Even a fire hydrant is feeling the Blackhawks spirit, especially after Chicago's midnight victory over the Boston Bruins at the United Center in triple overtime.
Even a fire hydrant is feeling the Blackhawks spirit, especially after Chicago's midnight victory over the Boston Bruins at the United Center in triple overtime.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Wednesday, June 19 2013 2:08 PM EDT2013-06-19 18:08:32 GMT
After collecting tens of thousands of dollars for themselves on Wednesday, members of the General Assembly plan to kick the can of public employee pension reform down the road for at least one more month.
After collecting tens of thousands of dollars for themselves on Wednesday, members of the General Assembly plan to kick the can of public employee pension reform down the road for at least one more month.
Human rights advocate Marianne Elliot wrote "Zen under Fire," a powerful memoir about her experience as a U.N. peacekeeper in war-torn Afghanistan. She also does yoga to de-stress in her everyday life.
Human rights advocate Marianne Elliot wrote "Zen under Fire," a powerful memoir about her experience as a U.N. peacekeeper in war-torn Afghanistan. She also does yoga to de-stress in her everyday life.
Monday, June 17 2013 3:09 PM EDT2013-06-17 19:09:21 GMT
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
Monday, June 17 2013 2:44 PM EDT2013-06-17 18:44:33 GMT
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
Monday, June 17 2013 12:03 PM EDT2013-06-17 16:03:54 GMT
Carla Oglesby is accused of using fake contracts to scam hundreds of thousands of dollars to herself and her friends, from local vendors. She was first arrested nearly three years ago.
Carla Oglesby is accused of using fake contracts to scam hundreds of thousands of dollars to herself and her friends, from local vendors. She was first arrested nearly three years ago.
Friday, June 14 2013 9:36 PM EDT2013-06-15 01:36:02 GMT
Lawyers for Jesse Jackson Jr. assert in a court filing that the former Illinois congressman's mental health may worsen if he is given a lengthy prison sentence.
Lawyers for Jesse Jackson Jr. assert in a court filing that the former Illinois congressman's mental health may worsen if he is given a lengthy prison sentence.
Friday, June 14 2013 8:46 PM EDT2013-06-15 00:46:35 GMT
Political observers will be closely watching as New Jersey Gov. Chris Christie participates in a discussion at the Clinton Global Initiative in Chicago.
Political observers will be closely watching as New Jersey Gov. Chris Christie participates in a discussion at the Clinton Global Initiative in Chicago.
205 N. Michigan Avenue Ground Floor Chicago, IL 60601 Station Operator: (312) 565-5532 Newsroom: (312)565-5533
