By Mary Pat Campbell, includes “Ah, the air has gotten a bit nippy, and it’s time to revisit what a mess most state finances are! … While others go through complicated exercises to make more ‘realistic’ measures of pension/OPEB debt, TIA is taking the states’ own financial reporting and figuring out their total indebtedness. It’s not TIA’s fault if the official financial reporting of the states can be misleading. … But I want to point out that a lot of ‘red’ states, in the political sense, also have crappy finances. Texas is a particularly bad offender here …”
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