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Crowding out: Pension pressure leads to layoffs in Peoria

AUGUST 30, 2018 | by Adam Schuster | ILLINOIS POLICY INSTITUTE

“…The city’s 2018 budget warns, '[T]he growth in pension obligations is crowding out the use of property taxes for operations.' According to projections included in the document, the city will no longer be able to use any property tax dollars for operations starting in 2019. The only way out, according to the budget, is a 'comprehensive solution' from the Illinois General Assembly.”

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