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400 million new reasons for Illinois pension reform

Sep 14, 2016

OPINION

Anyone paying attention in Illinois knows government operations are being held together with promissory notes, shoe laces and chewing gum. Most also probably know that all sorts of social service providers and parents of college students have been howling to get their funding.

For perspective then, what’s the opportunity cost of $400 million?

Here’s just a few examples of what $400 million can buy in Illinois, as verified by state agencies:

First, $400 million would fund MAP grants (monetary assistance for college) at 123% of the funding they received last year. Instead of giving grants to 347,613 students, we could more than…

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