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Illinois treasurer: Perry's trip should 'sound alarm

CHICAGO (AP) - State Treasurer Dan Rutherford says Texas Gov. Rick Perry has a point in picking out Illinois' financial problems, but Illinois businesses should stay put.

Perry is in Chicago to try and lure Illinois companies to Texas. He wants competition between the states and says Texas is a better place for companies. The Republican former presidential candidate is meeting with companies and speaking at a bioscience conference. He's made a similar trip to California.

But Illinois Republicans aren't so thrilled by the trip.

Rutherford is a Republican and considering a 2014 run for governor.  He says Perry's attempt to poach businesses should "sound an alarm to state leaders."

He says Illinois has the factors it needs for a good business climate, but it should address its nearly $100 billion pension problem.

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