East Moline has about $18.3 million in unfunded pension liability for its firefighters and $22 million in unfunded pension liability for its police officers. That means the pension liability is about 55% funded as of Jan. 1 of this year.
It has become obvious that with these mandated pension liabilities in Illinois it is conceivable that cities like East Moline, Harvey, Peoria and so on could just up and disappear and turn into ghost towns, has anyone seen the housing situation in Springfield Illinois lately.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Just in time for a market correction.
It has become obvious that with these mandated pension liabilities in Illinois it is conceivable that cities like East Moline, Harvey, Peoria and so on could just up and disappear and turn into ghost towns, has anyone seen the housing situation in Springfield Illinois lately.