State Spends $5 Million a Day on Pension Inaction

Posted on: 6:48 am, July 1, 2013, by

Illinois Governor Pat Quinn will be back in the Quad Cities Monday. The Governor will speak at the Holiday Inn in Rock Island.

The state does not have $100 billion it needs to pay public workers for their pensions. As previously reported, lawmakers came to Springfield for a one day special session on June 19th. Lawmakers are coming together to form a conference committee where they’ll look at two separate bills. The state spends $5 million a day every day it does nothing on pension reform. Previous estimates showed the state wasted $17 million a day. State House Rep. Mike Smiddy says the one day special session was basically a waste.

“We went down there, and we wasted thousands of dollars of taxpayer money to go sit in a room for hours and do nothing,” Smiddy said June 20th.

Illinois Governor Pat Quinn will speak at the Holiday Inn at 1:30 p.m. Monday. The event is open to the public, and lunch will be served. Lunch costs $20 a person.

The Governor will then head to the Rock Island Arsenal after the meeting. He’ll be there at 4:30 p.m.

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