Illinois is falling short in ways that can be costly
Illinois certainly has its attractions: a stable workforce, world-class universities, a vast interstate highway system and one of the world’s leading airports in Chicago.
Then again, its reputation for rampant political corruption, high taxes and fiscal irresponsibility that has left the state deeply in debt don’t exactly impress job creators looking for a financially stable, business-accommodating environment in which to operate.
The unemployment rate isn’t the only disquieting news Illinoisans have received of late.
Truth-in-Accounting, the Chicago-based financial watchdog group, recently examined the financial health of the 50 states and ranks Illinois near the very bottom — No. 48.
READ MOREBaltimore nonprofits dodge needed scrutiny
Baltimore’s finances are in a bad way. Despite assurances from the mayor that the city’s $4.1 billion budget for fiscal year 2025 is balanced, this misleading message masks a dismal reality. As fiscal watchdog Truth in Accounting notes in its 2024 “Financial State of the Cities” report, “Baltimore would need $14,100 from each of its taxpayers to pay all of its outstanding bills”
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