The State of Illinois currently pays debt service on four major types of bonds: General Obligation (GO) bonds for capital projects, GO bonds for pension obligations, GO bonds to pay backlogged bills and Build Illinois revenue bonds. In previous years, the State has also issued short-term debt.
The revenue is declining fast, expenses are going up exponentially and people are fleeing from this mess. What Illinois government has done to the state is criminal in nature. Once one of the finest places to live, now people are fleeing in droves.
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 revenue is declining fast, expenses are going up exponentially and people are fleeing from this mess. What Illinois government has done to the state is criminal in nature. Once one of the finest places to live, now people are fleeing in droves.