"Union Report: NEA and Its State Affiliates Are a $1.62 Billion Enterprise. Here’s a Breakdown of Their Membership and Finances"

Link to article on northjersey.com:

https://www.the74million.org/article/union-report-nea-and-its-state-affiliates-are-a-1-62-billion-enterprise-heres-a-breakdown-of-their-membership-and-finances/

From the article:

“The third group holds large state affiliates that ought to be strong but are saddled with significant debt, largely due to retiree health care and pension liabilities. The worst budget-buster was New York State United Teachers, which ran a $31.3 million deficit, bringing its accumulated debt to an astonishing $434.7 million.

Other state affiliates with major red ink included Illinois (negative $34.9 million in net assets), Michigan (negative $216.9 million), New Jersey (negative $42.4 million), and Washington (negative $28.3 million).”