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The state could see an upgrade by enacting “recurring financial measures that support sustainable budget balance,” taking “decisive action to improve funding of the state’s main pension plans” and making “progress in lowering the bill backlog that does not rely on either long-term borrowing or on a significant decrease in non-operating fund liquidity,” according to Moody’s.
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Audio and summary Why the Holdup Using Artificial Intelligence to Cut Illinois Government Costs? – Wirepoints
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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.
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Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
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Summary and audio linked here.
“And whether voters approve an amendment to the state constitution in November allowing for a graduated income tax system could have an impact, Moody’s said. The graduated system pushed by Pritzker “would add some revenue volatility but would greatly improve flexibility to respond to pension contribution and other spending needs as well as shifting economic conditions,” Moody’s analysts wrote. “Rejection of the amendment probably will force the state to consider other alternatives, such as aggressive spending reductions, an increase in the existing flat income tax rate or application of the state sales taxes to services.”” WOW, this is amazing, it’s… Read more »