Looks like Illinois continues its "race to the bottom"--
Illinois in poorest fiscal condition of all states - Chicago Tribune: "Illinois in poorest fiscal condition of all states
Auditor general's report cites pension, other liabilities - Illinois' financial condition continued to deteriorate in fiscal 2011, leaving it the state with the lowest level of net assets in the country, as its liabilities, including money owed for public pensions, grew, according to a report released on Thursday by the state's auditor general. Illinois' $43.8 billion deficit in terms of net assets at the end of June 2011 rose from $37.5 billion in fiscal 2010, when it also ranked the lowest among states. . . . "
While other states, including even California, are taking measures to restore fiscal sustainability, Illinois, apparently believes "ignorance is bliss"--ask the Greeks about that!
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Over at the SubStack in the Last Week...
13 hours ago