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Growth of Illinois Pension Tab Slows

Posted on November 18, 2015

The Bond Buyer

This article discusses a blog post by the Illinois Institute for Illinois’ Fiscal Sustainability that reviews preliminary estimates for contributions to the State of Illinois’ five pension funds in the next budget year. Contributions will increase by $288.8 million in FY2017, which is considerably less than the $682 million increase required in FY2016, but is still expected to put pressure on the State’s finances given ongoing fiscal uncertainty without an FY2016 budget.