Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
The Illinois General Assembly passed over 600 new laws in 2019. Some helped taxpayers, but many more hurt as they spent $85 billion while doing little to fix the pension crisis.
The Open Illinois Checkbook Act would shed light on Illinois state finances. It is now en route to the Illinois Senate.