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Illinois Hands Out Money It Doesn't Have
July 15, 2010
If you were amazed that the State of Illinois is handing out pay bumps to tends of thousands of state workers in the midst of a multi-billion dollar budget deficit, get ready for this.
Between June 2011 and January 2012, unionized state workers are scheduled to receive a total of 7.25 percent in cost of living adjustments. You read that right: 7.25 percent over a period of seven months. Pay steps outside of cost of living adjustments would only grow this amount.
So a state worker making $60,000 on May 31, 2011 will be earning $64,443 on January 2, 2012. Not bad, if you can get it. Or take it, from taxpayers.
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