5 Talking Points. One Term Pension Solution with Property Tax Cuts

In Illinois, a state representative proposes this plan to stablize pensions & lower property taxes:

use the power of compound interest to help drive down massive pension costs
level pension payments out over the next 25 years to reach funded status
ensure that Illinois
annual pension payment would never rise above $12 billion
“As the additional pension payments decrease from the initial $2.4 billion, the remainder should be used to lower property taxes on a per-pupil basis”

Finance & Revenue