The math test the state is nearly flunking
It’s a math test that Illinois, New Jersey and even Texas are nearly failing: How to pay for billions of dollars in unfunded liabilities for public-employee pensions and retiree health care. They were among the six states that received a D-minus grade, the lowest one possible, in a new report by the Volcker Alliance that scored how they’ve dealt with looming legacy costs over the past three years.
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