Study: Illinois is the 3rd worst-run state -

Study: Illinois is the 3rd worst-run state

( – In a recent study by 24/7 Wall Street, the publication ranked all 50 U.S. states in order from best to worst run.

Bringing up the rear at 48, Illinois trailed only New Mexico and California as the worst-run state.

According to the study, the Land of Lincoln posts a budget deficit of 18.5 percent, which is ninth largest in the country.

Debt per capita in Illinois is $5,041, which is just outside the top ten highest states. With unemployment at 8.9 percent, and 14.7 percent of the residents living below the poverty line, Illinois has the worst credit rating in the country.

Only 40 percent of the state’s pension obligations were funded in 2012, according to 24/7 Wall Street.

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