Ward Room
Covering Chicago's nine political influencers

Infographic of the Day

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    NEWSLETTERS

    Illinois is facing the largest unfunded pension liability in the country, according to a new report from the Pew Center on the States.

    You can thank Blago -- under his administration, Illinois borrowed against the money it expected to earn from its pension fund. But the recession undercut those earnings, and the fund now earns 5% less than it was intended to.

    Read the whole report at PewCenterOnTheStates.org [PDF].