Note the commentary that the portion sold had to be sold to “balance” the budget. That’s just another illustration of how phony government accounting is. They count borrowed money as if it’s income. Digging deeper into the whole means you are “balancing” the budget.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Note the commentary that the portion sold had to be sold to “balance” the budget. That’s just another illustration of how phony government accounting is. They count borrowed money as if it’s income. Digging deeper into the whole means you are “balancing” the budget.
Fund accounting, used by governments and non-profit agencies. It’s a complete scam that no business would be allowed to get away with.
Throw in the market pricing as well. That makes the hole even bigger.