But Moody’s warns that even as the financial risks of the pandemic begin to recede, Illinois continues to face long-term financial challenges because of its massive unfunded pension liabilities.
Illinois should have been downgraded due to absolutely nothing being done to address the underlying issues with the states finances. This just allows the powers that be to kick the can down the road even further.
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.
Illinois should have been downgraded due to absolutely nothing being done to address the underlying issues with the states finances. This just allows the powers that be to kick the can down the road even further.