By Ted Dabrowski and John Klingner:
Surely, the nation’s longest-ever stock market rally has helped turnaround Illinois’ pension mess, right? After all, booming markets have been coupled with massive increases in taxpayer contributions. If Illinois pension funds can’t get healthier in this environment, then when?
There’s little to cheer about in Illinois after the stock market’s decade-long rally just became the longest bull market run in U.S. history. Illinois’ unfunded liabilities have worsened by more than $50 billion during the same period.
Read more: Wirepoints