Missouri State Treasurer Eric Schmitt is calling on the state legislature to address several financial issues with the message: “Don’t be like Illinois.”
Yesterday, he sent a letter to the general assembly comparing Missouri’s current financial state to that of Illinois.
“Decades of government expansion, budgetary neglect, unaddressed pension liabilities, and passing the buck have left the Illinois state budget in shambles,” Schmitt wrote. “The long-term effects of these decisions have now culminated in a crisis so severe that they could become the first state ever downgraded to a ‘junk’ credit rating – a stark contrast to our state’s perfect rating.”
To read The Missouri Times article and read Schmitt’s letter, click here.