WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Quinn Sets July 9 Deadline for Pension Reform Deal

Quinn Sets July 9 Deadline for Pension Reform Deal

SPRINGFIELD, Ill. (AP) - Gov. Pat Quinn has set a July 9 deadline for a bipartisan committee to come up with a solution for Illinois' pension crisis.

The Chicago Democrat says lawmakers must move quickly to address the $97 billion unfunded pension liability. He says lawmakers' lack of action is hurting the state's economy.   

The Legislature voted Wednesday to form the conference committee in an attempt to end a stalemate between the House and Senate.  Lawmakers expressed skepticism that a compromise can be reached by Quinn's deadline. They say it takes time to crunch the numbers on various proposals.

But Quinn says it's sufficient time and there should be "no excuses."   It's not the first deadline Quinn has set for lawmakers to address the problem.  Legislators have missed every prior deadline he's set.

See other LocalNews news:

Man Who Called in Saline County Courthouse Bomb Threat Arrested
New Greenview Golf Club Owners Reveal Plans
Star Buildings Presents to the Salem Chamber of Commerce
Charges Filed Against Husband and Wife in Mt. Vernon Child Abuse Case
Fire Damages Modular Home in Centralia




This Site logo