billions

Illinois owes $73 billion in retiree health insurance benefits for state workers, yet doesn't have any money set aside to pay for it.

Illinois' pension problems run deep, and they also amount to a huge chunk of money. What we've been doing hasn't worked, so where do we go now?

Adam Schuster, Illinois Policy's Director of Budget and Tax Research, joined the WROK Morning Show to discuss tax hikes versus reform.

As you may be aware, this week the Illinois House passed a budget bill that is more than 7 billion dollars in the red.