Crain's Chicago Business
This article discusses a proposal before the Illinois legislature’s personnel and pension committee to borrow $107 billion to put toward the $129 billion in unfunded pension liability. Civic Federation president Laurence Msall said that while it is important to be exploring every option, the Civic Federation is skeptical that the State could borrow such a large sum and successfully pay it off.
Additional coverage:
Chicago Tribune: Column: Proposed $107 billion bond isn't the cure for Illinois' public pension crisis
Chicago Tonight: $107 Billion Borrowing Plan Could Save State Pensions