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Andrew Biggs: A Bailout for Illinois? Not Without Strict Conditions


Other states will line up for money if Washington rewards Springfield for mismanaging its pensions. The day the prophets of public finance long foretold has come to pass: Illinois has requested a federal bailout of its struggling public-employee retirement plans, which had unfunded liabilities topping $469 billion in 2018, according to a

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Posted: April 24, 2020 Friday 05:56 PM