CHICAGO — Illinois’ net assets deteriorated in fiscal 2011 by $6.3 billion, bringing its deficit in the financial reporting category of governmental activities to $43.8 billion, which is the worst among states.

The figure underscores the severity of the state’s daunting fiscal challenges as it grapples with $82.9 billion of unfunded pension liabilities and is expected to close out fiscal 2012 this month owing between $8 billion and $9 billion in bills. Both are factors in the net-asset calculation reviewed in Illinois auditor general William Holland’s audit of the state’s latest financial statements.

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