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Quinn to address finances in state speech

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Lawmakers finished a lame-duck session last month without even calling for a vote on proposed pension legislation, and the fallout has only gotten worse. Standard & Poor’s recently downgraded Illinois’ credit rating because of the lack of action, and last week Quinn delayed borrowing $500 million for construction projects because the downgrade left the bond market “unsettled.”

Senate Republican Leader Christine Radogno of Lemont said Wednesday’s speech could be a chance for Quinn to turn the momentum toward a solution on the pension issue.

“I’d like to see the governor be squarely behind a plan and really advocate for it,” she said. “It would be helpful if he’d be clear and have it move forward.”

But fellow Democrats lay the blame elsewhere. Sen. Patricia Van Pelt, a first-term Chicago Democrat, said Quinn has been approaching the problem as he should, and solving it is up to the Legislature.

“I expect to hear pensions, pensions, pensions,” she said of his speech. “He’s been saying the right things. I want everyone to get on board.”

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