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Dire State of Affairs in Illinois

cher15 Wrote: Oct 27, 2012 9:07 AM
I lived 21 years in Illinois. The street I lived on has not been repaved since this house I still own was built in 1959. The taxes on that 1,100 sq. foot home on a smallish lot on that crappy street are double what they are on my 3,000 sq. foot home on 27 acres in a development where at least 5 acres are required in NC. Illinois. All those taxes plus crappy weather. What a deal. See what you get when you let those dead people vote?

I just finished slogging through a 69 page PDF by the State Budget Crisis Task Force outlining the dire state of affairs in Illinois.

I knew in advance that pension funding is the biggest issue facing Illinois. The task force shows exactly that. Here is a summary.

Pension Funding Levels

  • Teachers Retirement System (TRS) - 46.1%
  • State University Employees Retirement System (SURS) - 45.3%
  • State Employees Retirement System (SERS) - 34.9%
  • General Assembly Retirement System (GARS) -...
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