New reports from rating agencies shine unwelcome light on Chicago's and Illinois’ “outlier” status on pension debts and the growing risks of heat-related climate change on some local Illinois governments.
The median state level Moody’s ANPL is 91% of revenues v 505% in Illinois.
ANPL = Adusted Net Pension Liability, a Moody’s proprietary calculation of the unfunded liability which lowers the discount (interest) rates used by the pension funds.
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.
The median state level Moody’s ANPL is 91% of revenues v 505% in Illinois.
ANPL = Adusted Net Pension Liability, a Moody’s proprietary calculation of the unfunded liability which lowers the discount (interest) rates used by the pension funds.