Pensions Top Issue In State of the State Address
SPRINGFIELD, IL - Business interests in Illinois say they're behind Governor Pat Quinn's call for pension reform. The governor addressed the issue during his State of the State address Wednesday afternoon in Springfield.
The Illinois Manufacturers' Association says of the situation that "the time for talk is over." Association president Greg Baise says the Illinois General Assembly must pass pension reform because the state's fiscal instability is forcing businesses "to look elsewhere for future investments."
Quinn discussed the state's nearly $100 billion pension crisis during his State of the State address on Wednesday.
The Illinois Chamber of Commerce says pensions are "the single most pressing public policy issue." The chamber calls lawmakers' failure to address pensions "unconscionable."