State Budget May Take a Hit

By: 23 Newsroom
By: 23 Newsroom

Some unwanted news on the status of government retirement systems. The state must come up with $2.5 billion by next year.

This after the Illinois auditor general released their annual report. It says that 5 million of that is for the interest on a pension-financing plan Governor Blagojevich passed last year, but Blagojevich has hired outside experts to review the systems.

He's hoping their review shows the government can safely put less into pensions, freeing up money for other programs.

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