Analysis Finds State Financial Woes Raised Borrowing Costs
The administration of Governor Bruce Rauner is touting the low interest rate Illinois got in last week’s bond sale. But at least one public finance expert says that’s not the full story.
Study: Illinois Lost $53M In Bond Sale Due To Poor Finances
A University of Illinois analysis says the state received about $53 million less in a recent bond sale than it could have because of Illinois' poor financial shape. Martin Luby with the University of Illinois’ Institute of Government and Public Affairs compared the recent bond sale to one in 2006, when Illinois had a much better credit rating.