Illinois and New Jersey are in dire financial straits, but experts hope California’s fiscal gains can be duplicated in those states now struggling. Click here to listen to Daisy Contreras’ story. Nancy Hudspeth, who lived in Chicago for nearly 30 years, says she feels as if she escaped the state’s current fiscal problems when she left to pursue a teaching job in California two years ago. Before her move, Hudspeth spent six years analyzing Illinois’ finances with the University of Illinois’ Fiscal Futures Project. “At the time when I was doing the analysis, it was like, ‘what’s the future going to be like for me and my family?’” She recalls working on the state’s long-term projections and realizing the outlook didn’t look promising. The state’s finances have since worsened. Today Illinois stands neck-and-neck with New Jersey as they compete for worst fiscal condition in the country. …
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