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Illinois Senate Democrats

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Business & Lifestyle

Illinois Democrats seeking more than $40 billion in Federal bailout funds for pensions, budget deficits

SPRINGFIELD (The Center Square) -- Illinois lawmakers – citing the state’s pension costs, budget shortfalls, and empty unemployment trust – are asking for more than $40 billion in no-strings-attached aid from the federal government. In a letter to the state's Congressional delegation, Senate President Don Harmon said Illinois state government is projecting significant budget shortfalls in the current, coming and preceding fiscal years. “Illinois could see an estimated revenue loss of $14.1 billion for 2020-2021 due to this pandemic,” they said […]

todayApril 17, 2020

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