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October 22, 2014, 10:26 am
970 WMAY News

McMenamin: Forthcoming IPI Report on Municipal Pensions Should Open Eyes


A Springfield Aldermen says a report scheduled to be presented to the Springfield City Council Tuesday should act as a wake up call for the city to address its growing pension crisis.

 

Ward 7’s Joe McMenamin says the non partisan think tank the Illinois Policy Institute will present a report Tuesday that analyzes how unfunded pension liabilities are negatively impacting city budgets across Illinois.

 

Though he wouldn’t share details about where Springfield lands on the list of the top 20 cities outside of Chicago, he says the details should open some eyes to the enormity of the problem.

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