Illinois’ plunge into financial abyss: How bad is it?

Bill Bergman  |  September 1, 2021

Includes “… Truth in Accounting has been analyzing and publishing a net position adjusting for pensions and retiree health care benefits every year since 2009. TIA anticipated (and led) the changes in government accounting standards. Which means that TIA’s estimate of net position has been prepared on a consistent basis over time, allowing a more valid perspective than using governments’ reported net positions. So, how does that picture look for Illinois? Unfortunately, it’s still pretty ugly. …”

Read the full article on: Bill’s Blog

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