Governor Pritzker and his Supermajority Party are notorious for mismanaging money, especially in Chicago. Public pension funds in particular are decimating the state’s fiscal stability.
However, it’s not just Chicago and Springfield that are the problem. Most Illinois towns and cities maintain their own separate public pensions for police and fire. They are commonly referred to as ‘downstate’ pensions. The following Wirepoints article illustrates how local Illinois pension funds are alarmingly weak as well.
Undoubtedly, the reckless spending and lack of budgeting and responsible leadership in Springfield infect every aspect of Illinois life-
but we have to get our collective act together, folks!
https://wirepoints.org/update-on-illinois-654-local-police-and-firefighter-pension-funds-wirepoints