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Tuesday, January 17, 2012

School Tech Connect: Focus on the Math

School Tech Connect: Focus on the Math:

Focus on the Math

Too much effort has been spent, by everyone, trying to pin the blame. We are at the point where how we got here matters very little. The numbers have grown to a point where all that matters is where we go from here.

The facts are indisputable. Over the next 30 years, the state will owe retirees in excess of $140 billion, but Illinois has less than $54 billion in the bank right now to meet those long-term obligations. The “unfunded” portion of that liability creates tremendous pressure on