Missouri Treasurer: Don’t Be Like Illinois
(St. Louis, MO) — Missouri’s Treasurer is trying to use Illinois as a lesson. Treasurer Eric Schmitt yesterday told a crowd in St. Louis that he is imploring the Missouri General Assembly to not be like Illinois. Schmitt says Missouri lawmakers have to make tough choices to deal with their pension costs and to protect Missouri’s credit rating. Illinois nearly has junk credit and just approved a five billion-dollar tax increase to pay for things that have seen their funding swallowed by the state’s pension crisis.
Benjamin Yount/acb IL)
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