Includes “JEERS to Illinois’ latest staggering pension debt figures. Even using state government’s own number, it’s mind boggling. According to TruthInAccounting.org, Illinois’ reported pension debt climbed from $29.3 billion in 2014 to $108.6 billion in 2015. That’s not because of a pension spike, but rather overdue and welcome new accounting rules which now require Illinois to report its pension debt on its balance sheet…”
Read the full article on: Dispatch-Argus (Illinois)