House voted 101-7 today for Senate Bill 415, which frees up more than $2.2 billion in state money by borrowing against pension payments
state will cut the more than $4 billion payment it was supposed to make next year by about in half through borrowing money, then will pay off that borrowed money over five years. The freed-up cash would then be used to reduce major cuts facing social service providers
House advances pension borrowing plan - Springfield, IL - The State Journal-Register
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