When government and private sector accounting collide, bad news usually follows.
Indiana gained a new stream of tax revenue by legalizing sports gambling earlier this year.
Chicago teachers are officially on strike and lost in the media reporting, on a national level, their pension fund is rapidly heading towards bankruptcy.
Local governments expanding into sports facility markets the last twenty years have not worked at well.
New budget accounting rules that went into affect in 2018 for state budget reporting shows a grim financial picture.
Pension cost and liabilities are a big issue for many local and state governments.
Hardly ever does media show how local & state taxpayers get overburden financially by illegal immigration.
The State of Indiana is keeping a low profile on a potential budget disaster.