When you go back to the drawing board, it's usually not a soft landing.  Ty Fahner, president of the Civic Committee of the Commercial Club of Chicago, says Illinois – particularly the men who want to be governor – should be prepared for possibility the Illinois Supreme Court will toss out the pension restructuring bill the legislature passed last year.
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“It's going to require real leadership,” he says. “Even if the court upholds the pension reforms – which I still believe and hope that they will do – it's only a step to bring our state back to economic good health.”
Fahner's group lists the following possibilities if the What if becomes reality:
  • $145 billion in higher taxes and service cuts over 30 years
  • Highest property taxes in the nation
  • 41¢ of Big Three state tax dollars devoted to pensions, up from 8¢ in 2007
  • A possible $2,500 tuition spike at the University of Illinois
  • Severe cuts to K-12 education, leading to as many as 13,000 teacher layoffs
  • Critical meltdown of social services, including the end of child care for 41,000 kids and 21,000 seniors losing in-home care
(Copyright WBGZ / www/AltonDailyNews.com )