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In response to the recent announcement from the comptroller’s office that Illinois will skip its November pension payments, Senator Daniel Biss (D – Evanston) has issued the following statement:
“The budget impasse continues to wreak havoc on the people of Illinois, and the longer we go without a resolution, the more pain that will be felt. With each day comes more news about Illinoisans unable to get basic services, devastating nonprofit closures and additional mistakes that will take far longer to remedy than they take to create.
Indeed, just this week, Comptroller Leslie Munger announced that she will not make the state’s November pension payment, a practice that has indisputably led to the current condition of our state pension systems. Skipping this payment is simply repeating the biggest mistake of our past, and it puts our state’s fiscal stability at even greater risk. We know what happens when we short our pension systems, and credit agencies do, too.
“For all the talk about getting rid of “business as usual” in Springfield, this certainly feels like more of the same.”