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Illinois fails to pass budget, plans to underfund pensions; report

SPRINGFIELD, Ill. (WTVO) — Lawmakers failed to pass a state budget on Friday, missing a planned May 19th deadline and extending the General Assembly’s spring session at least another week. Unfunded pension debts continue to present a problem in the budget, according to the Illinois Policy Institute, who estimate the state to underfund pensions by […]
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