The opposite of paying it forward: Borrowing for municipal pensions

Ben Yount
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Apr 15, 2014 5:00 AM
The opposite of paying it forward: Borrowing for municipal pensions

SPRINGFIELD, Ill. — The idea of paying it forward is simple.

I do something that costs me, so the people who follow me have an easier time of things; whether it’s paying for someone else’s coffee, cleaning up a junk-riddled creek or cutting government spending to make sure a city doesn’t collapse.

Which is why Bloomington alderman Rob Fazzini’s plan to borrow $40 million to pay for pensions — and the borrowing itself — has raised so many questions.