State does not have resources to bail out Chicago, Rep. Ugaste says

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Illinois state Rep. Dan Ugaste (R-Geneva) reasons that state lawmakers can be expected to do only so much to help the City of Chicago out from under its growing pension liability.

“It would be great if the state of Illinois had the funds to help out the city in a time of need,” Ugaste told the McHenry Times. “The sad statement is neither the city nor the state are very well situated financially. If there is something we can do within the laws that is fair and equitable to the workers where we can help Chicago out, we certainly need to do that but as far as the financial bailout, the state doesn’t have the resources.”

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