The City of Danville’s ability to stay competitive is in jeopardy. Decades of state mandates created by statehouse politicians have pushed up costs, taxes and debts to unsustainable levels. Many cities like Danville are facing ruin. They’re either at the brink of bankruptcy through unfunded pensions or have lost people and businesses due to high taxes and fewer services. The most unfortunate cities are suffering both.
Fitch Ratings says Illinois is the worst in the nation when it comes to debt and pensions as a share of residents’ personal income. The state's total debt amounted to more than 28 percent of Illinois residents’ personal income.