Gov. Pat Quinn claims the state’s financial condition isn’t as bleak as the latest annual report would have you believe. That report says the total value of the state’s assets, minus liabilities, is negative $45 billion. Quinn doesn’t think that means the state is in its worst-ever financial shape.
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“Well, I don’t agree with that,” Quinn said. “You know, I took office at a very difficult time. Our state was obviously hard hit by the recession, and it was also hard hit by the fact there had been decades of neglect when it came to the budget.” Quinn claims the state’s financial situation has improved since he became governor in 2009, and will be aided by the pension reform law as long as it’s upheld as constitutional.