Illinois will return to market with a $1.4 billion GO deal – The Bond Buyer

Illinois will return to market with about $1.4 billion of general obligation bonds next week, with proceeds funding accelerated pension benefit payments, Rebuild Illinois capital expenditures, information technology projects and other capital projects.
9 Comments
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David F
7 months ago

That can is getting a whole lot of dents in it…

Fed up neighbor
7 months ago

And according to Pritzker Ive lowered prescription drugs for all Illinois people and eliminated the grocery tax seriously jelly belly 1 % of 100 dollars you are nothing but a dog I hope the DOJ gets your ass,

The Railroader
7 months ago

Accelerated Pension Payments paid by a bond issue.

Illinois political animal gross fiscal mismanagement gets worse.

I’m sure Moody’s and the other blind-as-a-bat rating agencies will bless this issuance.

Sanity please
7 months ago
Reply to  Mark Glennon

Illinois’s grand ponzi scheme.

PPF
7 months ago
Reply to  The Railroader

It’s like they are sending a message that pensions will be paid first. Very interesting.

Riverbender
7 months ago
Reply to  PPF

I sorta have the feeling that the bare minimum will be applied to the pensions and the rest will disappear into various Illinois dark holes…come next year another bond issue, new sales tax etc. Funds in Illinois never seem to go where they are needed desperately because there are too many goodies to buy

Leaving Soon, just not soon enough
7 months ago
Reply to  PPF

You are right the Illinois taxpayers will pay for the pensions unless the taxpayer leaves the state. That is what is happening, high income families and job creators are fleeing in record numbers at an increasing rate. Best of luck collecting tax money from people on public assistance.

Da Judge
7 months ago

I would rather invest in Pokémon cards!!

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