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Illinois Governor Suggests Pension Proposal

SPRINGFIELD, Illinois – As reported by the Chicago Sun-Times: "Gov. Blagojevich today will suggest diverting cash from the future sale of Illinois' disputed 10th casino license to reduce the $38 billion shortfall facing the state's public pension systems.

"…The idea involving the sale of the license once earmarked for the Emerald Casino could generate as much as $500 million, though the administration acknowledges that license might not be available for the state to sell during the next year because of continuing legal wrangling.

"…A top Republican budget expert, however, dismissed the idea outright because no one has any idea when the 10th license will come back online and become a possible cash cow for the state…"

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