3min chapter

Very Serious with Josh Barro cover image

David Schleicher on the Fiscal Whipsaw in State Governments

Very Serious with Josh Barro

CHAPTER

The Cascade Effect of Fiscal Dilemma in Illinois

Illinois is a state with an unusually poor fiscal position. The state manages, it's actually kind of similar to the debt limit stuff at the federal level where the state runs out of ability to spend. Ex-hospital systems lend the state money for months and months and months. And so that's, I mean Jefferson County being a heavily democratic county in a heavily Republican state.

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