This is close to the truth. They may still be a state but it will probably be bankrupt. Their public employee pension obligation is the worse funded in the country. When you have high school teachers getting $100K + pensions the payments can't be sustained. The pension system can't be changed because it is not allowed by the state constitution that was added to it decades ago. It will be a rude awakening in 10 years when there won't be enough money for pension payments. The unions will will be crying that money isn't there but have done nothing to help resolve the problem. The public schools barely opened this year because the legislature couldn't agree on funding it.
There's no such thing as cutting state expenses in Illinois like in North Dakota, Illinois just raises taxes. Sales taxes, sugar in soda taxes & especially property taxes are outrageous. The reason I moved out of that screwed up state when I retired was I couldn't see paying $700/ month property taxes to live in my own house.
One of these years the people will wake up & vote out the democratic legislature that has totally screwed up the state. It will be tough to do because most state workers are unionized & union influence on the legislature has the democrats entrenched in the government.
The last thing Illinois needs is a expensive sport to start up when the other problems are so extensive.