Illinois Supreme Court to hear suit challenging $14 billion of state general obligation bonds – The Bond Buyer

The fate of litigation seeking to void $14 billion of outstanding Illinois general obligation bonds could be settled in the coming months by the Illinois Supreme Court.
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Riverbender
5 years ago

Wondering here if now that Judge Kilbride, who lost retention despite receiving $550000 from Madigan’s Democratic campaign committee, if the decision will be any different than the usual rubber stamp of Illinois finances as crafted by the status quo Democrats.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE