State, local pension news getting worse

By Jim Dey:

Researchers from have released a report documenting how increasingly unaffordable promises are wreaking financial havoc on public pensions systems and communities from coast to coast.

This week, the Illinois Policy Institute, a free-market think tank with offices in Chicago and Springfield, released a study documenting how the problem of public pension costs in Illinois is driving up property taxes while reducing property values.

Read more: The News-Gazette