You know I have often pondered why the school year is simply not shortened. I can recall school not starting until September and getting out mid May. Around my area they go from mid August until the first week of June now. I also had a full three weeks off at Christmas. Now it is like a week and a half. Simply cutting 3-4 weeks out of the school year would save boat loads of money for the states which they could spend on other things like pensions.
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Originally posted by: DonDiego
Or States?
As jatki99 has already noted Chicago is pr'bly has the worst funded pensions for a large City after Detroit, . . . but illinois is also the worst funded among the States.
Annual NET Pension Liability as % of Total State Revenue Rank
1 Illinois 241.1% [i.e. It would take almost 2½-years of all State Taxes to fully fund the pensions.]
2 Connecticut 189.7%
3 Kentucky 140.9%
4 New Jersey 137.2%
5 Hawaii 132.5%
6 Louisiana 130.2%
7 Colorado 117.5%
8 Pennsylvania 105.0%
9 Massachusetts 100.4%
10 Maryland 99.5%
11 Texas 92.5%
12 Rhode Island 91.3%
13 West Virginia 86.2%
14 Maine 76.6%
15 Montana 62.5%
16 California 61.8%
17 Oklahoma 61.8%
18 Indiana 61.3%
19 North Dakota 61.2%
20 South Carolina 59.7%
21 New Hampshire 56.4%
22 Alaska 55.2%
23 Mississippi 53.0%
24 Vermont 49.2%
25 Delaware 48.2%
26 Georgia 42.0%
27 Wyoming 39.9%
28 Nevada 39.1%
29 New Mexico 37.8%
30 Alabama 36.9%
31 Virginia 35.5%
32 Oregon 33.9%
33 Arkansas 33.6%
34 Washington 32.7%
35 Utah 30.8%
36 Missouri 27.7%
37 Minnesota 27.3%
38 Arizona 26.7%
39 Michigan 25.4%
40 Kansas 23.1%
41 South Dakota 20.7%
42 Ohio 19.6%
43 Tennessee 19.2%
44 Florida 19.2%
45 North Carolina 18.3%
46 New York 16.6%
47 Iowa 16.1%
48 Idaho 14.8%
49 Wisconsin 14.4%
50 Nebraska 6.8% [[i.e.] It would take less than a month of all State Taxes to fully fund the pensions.]
Ref: Moody's Investors Service
Originally posted by: DonDiego
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Originally posted by: jatki99
I wonder how many other towns and cities are going to go the bankrupt route.
Or States?
As jatki99 has already noted Chicago is pr'bly has the worst funded pensions for a large City after Detroit, . . . but illinois is also the worst funded among the States.
Annual NET Pension Liability as % of Total State Revenue Rank
1 Illinois 241.1% [i.e. It would take almost 2½-years of all State Taxes to fully fund the pensions.]
2 Connecticut 189.7%
3 Kentucky 140.9%
4 New Jersey 137.2%
5 Hawaii 132.5%
6 Louisiana 130.2%
7 Colorado 117.5%
8 Pennsylvania 105.0%
9 Massachusetts 100.4%
10 Maryland 99.5%
11 Texas 92.5%
12 Rhode Island 91.3%
13 West Virginia 86.2%
14 Maine 76.6%
15 Montana 62.5%
16 California 61.8%
17 Oklahoma 61.8%
18 Indiana 61.3%
19 North Dakota 61.2%
20 South Carolina 59.7%
21 New Hampshire 56.4%
22 Alaska 55.2%
23 Mississippi 53.0%
24 Vermont 49.2%
25 Delaware 48.2%
26 Georgia 42.0%
27 Wyoming 39.9%
28 Nevada 39.1%
29 New Mexico 37.8%
30 Alabama 36.9%
31 Virginia 35.5%
32 Oregon 33.9%
33 Arkansas 33.6%
34 Washington 32.7%
35 Utah 30.8%
36 Missouri 27.7%
37 Minnesota 27.3%
38 Arizona 26.7%
39 Michigan 25.4%
40 Kansas 23.1%
41 South Dakota 20.7%
42 Ohio 19.6%
43 Tennessee 19.2%
44 Florida 19.2%
45 North Carolina 18.3%
46 New York 16.6%
47 Iowa 16.1%
48 Idaho 14.8%
49 Wisconsin 14.4%
50 Nebraska 6.8% [[i.e.] It would take less than a month of all State Taxes to fully fund the pensions.]
Ref: Moody's Investors Service
