Quinn Administration Releases Study: Without Pension Reform, Illinois Will Spend More on Pensions than Education by 2016

CHICAGO, IL – August 6, 2012 – (RealEstateRama) — Governor Quinn released data today prepared by the Illinois Office of Management & Budget (OMB) that shows without comprehensive pension reform, Illinois will spend more on pensions than education by Fiscal Year 2016. The budget office performed the district-by-district analysis based on current projections to examine the long-term funding challenges of the state if comprehensive pension reform is not enacted. The analysis was released just days after Governor Quinn called a special session dedicated to pension reform on August 17.