Wall Street 24/7, an online news service, recently did a study looking at the best- and worst-run states in the nation. Illinois ranks third — from the bottom, ahead of only California and New Mexico. The three best-run states are North Dakota, Wyoming and Iowa.
The factors that put Illinois near the bottom of the list are well known: the worst credit rating in the nation by Standard & Poors and Moody’s; the worst-funded pension system; bad fiscal practices like bill-paying delays; the fourth highest state debt; and the second highest unemployment rate in the country.
Hopefully, the state will take a step toward improving its standing this week with effective pension reform. But even if that is accomplished, there is still a lot of work to be done.