Gov. Quinn may have to temper his plans to brag about the pension reform deal in his state of the state address this week. New calculations show the state will save 15-billion-dollars less than first projected from the controversial pension overhaul.
The examination was done as part of the state's plans to borrow a billion dollars for public works projects next month. It also shows some good news -- while the plan will only save 145-billion-dollars over 30 years, not 160-billion, the state's pension debt will only be 76-billion-dollars, down from 79-billion.