This man is consistently insightful and delightful to read.
Here he analyses the grinding fiscal problems in Illinois that appear almost un-fixable.
In 2011, when States really first had to grapple with the economic downturn, many states (Ohio included) opted to down-size state government to reflect the new revenue realities.
Illinois was the exception, raising the corporate and personal income tax rates 30% and 67%, respectively. Well, Will analyses the result of that decision, and it is not pretty.
It's worth your time to review this piece.