East Moline considering $49 million in bonds to pay down pension liability – Quad City Times

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.
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nixit
4 years ago

Just in time for a market correction.

Fed up neighbor
4 years ago

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.

Last edited 4 years ago by Fed up neighbor

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