Quinn: Pension crisis is Illinois' 'fiscal cliff'


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Posted Online: Jan. 02, 2013, 5:33 pm
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CHICAGO (AP) Gov. Pat Quinn is calling on lawmakers to resolve Illinois' pension crisis in the next week, calling it 'our state's own fiscal cliff.'

In a press release Wednesday, Quinn says he salutes President Barack Obama and Congress for coming up with a bipartisan solution to avert the so-called fiscal cliff and prevent 'devastating fiscal disaster.' He says Illinois legislators now must do the same in regard to the state's $96 billion pension crisis.

The Senate returned to Springfield on Wednesday for the start of the lame duck session. The House is scheduled to return to Springfield on Sunday.

Quinn says he wants lawmakers to send him a bill by Jan. 9, when the current session ends and new members take office.

He says Illinois can't move forward without pension reform.














 



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  Today is Tuesday, July 29, the 210th day of 2014. There are 155 days left in the year.

1864 -- 150 years ago: Col. H.F. Sickless informs us that there will be new organization of troops in this state under the call for more men.
1889 -- 125 years ago: James Normoyle arrived home after graduating from West Point with honors in the class of 1889. He was to report to Fort Brady, Mich., as second lieutenant in the 23rd Infantry.
1914 -- 100 years ago: Austria Hungary declared war on Serbia. Germany and Austria refused an invitation of Sir Edward Grey to join Great Britain at a mediation conference.
1939 -- 75 years ago: Dr. William Mayo, the last of the three famous Mayo brother surgeons, died at the age of 78.
1964 -- 50 years ago: One of the biggest horse shows of the season was held yesterday at Hillandale Arena on Knoxville Road under the sponsorship of the Illowa Horsemen's Club.
1989 -- 25 years ago: Davenport is like a gigantic carnival this weekend with the Bix Arts Fest taking over 12 square blocks of the downtown area. A festive atmosphere prevailed Friday as thousands of people turned out to sample what the Arts Fest has to offer.








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