Gov. Pat Quinn is telling lawmakers that they hold the solution to solving the state’s fiscal crisis, particularly Illinois’ worst-in-the-nation pension problem.
The Chicago Democrat says it’s hard but not impossible. He spoke to lawmakers during his annual State of the State address on Wednesday.
Quinn put his support behind Senate Bill 1, which was measure introduced last month. It includes parts of a Senate-approved measure along with the increased contributions and reduced benefits in the bill that failed to get a House vote. It’s sponsored by Senate President John Cullerton.
Illinois has nearly $100 billion in unfunded liability and Quinn called it the “toughest of issues” in the state.
However, he only made scattered references throughout his speech to the problem.
Hear WUIS’ coverage of the Governor’s speech:
Business interests in Illinois say they’re behind Gov. Pat Quinn’s call for pension reform.
The Illinois Manufacturers’ Association says “the time for talk is over.” Association president Greg Baise says the Illinois General Assembly must pass pension reform because the state’s fiscal instability is forcing businesses “to look elsewhere for future investments.”
Quinn discussed the state’s nearly $100 billion pension crisis during his State of the State address on Wednesday.
The Illinois Chamber of Commerce says pensions are “the single most pressing public policy issue.” The chamber calls lawmakers’ failure to address pensions “unconscionable.”
The Illinois Retail Merchants Association and Illinois Chamber of Commerce are against raising the state’s minimum wage.
Gov. Pat Quinn proposed raising Illinois’ minimum wage from $8.25 to $10 an hour. He made the announcement during his annual State of the State speech on Wednesday.
The merchants association represents more than 23,000 stores. President David Vite says raising the state’s minimum wage will hurt people looking for jobs and employers. He says instead Quinn and lawmakers should focus on the state’s budget crisis and pension problems.
The chamber says raising the minimum wage is “an untimely, ill-advised and outrageous proposal.”
Quinn says nobody should work 40 hours a week and live in poverty. The federal rate has been $7.25 an hour since 2007.