Is Your State in Financial Trouble? Here’s How All 50 Stack Up. – Barron’s

States are facing a budget shortfall of $555 billion over the three years through June 2022. How each state addresses the challenge could affect taxpayers, employees and bond holders for years to come.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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