The state is drowning, and there’s no life preserver in sight.
Our dire plight is laid out in a newly published State and Local Government Finance Report.
Here’s what they found:
- Illinois is one of five states with more than $30,000 in debt per capita
- State, county and local governments and school districts are accumulating a lot of unfunded obligations
- Illinois has by far the highest state and local pension debt in the United States
- Illinois’ debt ratio of 276% is the highest in the nation
- Illinois ranks fourth in total debt with $404.1 billion
Read more here, and click on the word ‘Report’ to get an in-depth Reason Foundation analysis comparing Illinois’ debt to the rest of the country:
https://www.thecentersquare.com/illinois/article_03fa36cf-3eae-4410-9a18-a47fe528c875.html