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Analysis rates Illinois poorly for bond debt

Normal, IL, USA / www.cities929.com
Jul 22, 2021 | 4:36 PM
(The Center Square) – A new analysis by the American Legislative Exchange Council shows Illinois is one of the worst states in the country with bond debt.
In its annual State Bonded Obligations, 2020, the ALEC Center for State Fiscal Reform analyzes each state’s level of debt and features policy solutions to address the root of state debt problems: government spending.
Total state bond debt for all 50 states exceeds $1.25 trillion dollars, with Illinois and 9 other states accounting for 64%, or $809 billion of the total.
The report ranks Illinois 47th in the country with over $76 billion in total bonded obligations. That is compared to the top state in the ranking, Wyoming, with only $38 million in total bonded obligations. Only Texas, New York and California have more total bonded obligations than Illinois. ....

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Is Virginia an economic success or 'in the ditch?' Depends on which candidate you ask.

Is Virginia an economic success or 'in the ditch?' Depends on which candidate you ask.
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Youngkin paints dire economic picture for Virginia, proposes eliminating state income tax

Youngkin paints dire economic picture for Virginia, proposes eliminating state income tax
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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Georgia jumps 7 spots in Rich States, Poor States economic outlook

The report uses 15 equally weighted policy variables to rank the economic competitiveness of states, including various tax rates, regulatory burdens and labor policies.
The index also ranks each state in economic performance by examining data over the past 10 years in cumulative GDP growth, cumulative domestic migration and nonfarm employment growth.
Georgia s 14th-place rankingÂ in economic outlook for 2021 was seven spots higher than its ranking in 2020. In the 15 policy variables used to determine economic outlook, Georgia ranked in the top 10 for remaining tax burden (third), no estate/inheritance tax levied (first), recently legislated tax changes (second), minimum wage (first at $7.25 an hour), average workers compensation costs (10th), and being a right-to-work state. ....

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Louisiana jumps 8 spots in Rich States, Poor States economic outlook

Louisiana jumps 8 spots in Rich States, Poor States economic outlook
ktbs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktbs.com Daily Mail and Mail on Sunday newspapers.

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