Illinois taxpayers will pony up at least $130 million extra in interest payments for a bond sale this week due to lowered credit ratings because lawmakers have failed to solve the state's $97 billion pension crisis.
Unable to overcome a stalemate on the state's $97 billion pension crisis, Illinois Gov. Pat Quinn and legislative leaders have agreed to form a bipartisan committee to hammer out a compromise and to reconvene the Legislature for another session in July.
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"articles": [
{
"uri": "/2013/06/27/bad-credit-rating-costs-illinois-130-million-extra/",
"title": "Bad credit rating costs Illinois $130 million extra",
"byline": "Kerry Lester",
"kicker": "",
"prettyDate": "June 27, 2013",
"timeToRead": "4 minute",
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"authors": [
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"summary": "Illinois taxpayers will pony up at least $130 million extra in interest payments for a bond sale this week due to lowered credit ratings because lawmakers have failed to solve the state's $97 billion pension crisis.",
"body": null
},
{
"uri": "/2013/06/19/quinn-ill-lawmakers-plan-pension-talks-into-july/",
"title": "Quinn, Ill. lawmakers plan pension talks into July",
"byline": "Kerry Lester",
"kicker": "",
"prettyDate": "June 19, 2013",
"timeToRead": "4 minute",
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"authors": [
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"summary": "Unable to overcome a stalemate on the state's $97 billion pension crisis, Illinois Gov. Pat Quinn and legislative leaders have agreed to form a bipartisan committee to hammer out a compromise and to reconvene the Legislature for another session in July.",
"body": null
}
]
}
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