Director of Fiscal and Economic Research @illinoispolicy Opinions are my own.
Jul 19, 2023 • 8 tweets • 2 min read
NEW: Equable Institute report shows Illinois' pension crisis is the worst in the nation. Public pension funds ended FY2023 with an estimated $210 BILLION in unfunded pension liabilities. 🧵
Collectively, IL pension funds have a funded ratio of 50.8%, the lowest in the nation. Experts warn that systems with funding ratios below 60% are deeply troubled.
May 20, 2022 • 13 tweets • 2 min read
There seems to be a lot of confusion about what is happening with the IL population after yesterday's Census data release. Let's dive into the data, what it shows (and doesn't show), and how to interpret the different estimates the Census Bureau has reported.
Yesterday, the Census Bureau released their Post-Enumeration Survey, which determined that the 2020 census undercounted the IL household population by 1.97%. These results have led politicians and members of the media to come to some incorrect conclusions regarding IL population.