Improvement, finally! That's no doubt how many Illinoisans reacted to news about Illinois' latest audited financial statements. Take a closer look, however, to get a major lesson on how misinformation about our financial crisis is spread.
Illinois homeowners: Is your city’s housing market is in danger of “turning ugly?” Peoria, Aurora, Elgin, Decatur, Joliet, Rockford, Champaign, Plainfield and Naperville are all in serious risk of trouble should a downturn occur.
The State of Illinois recently reported its biggest annual financial loss ever. Instead of clear reporting on that, we’ve seen perhaps the most glaring example yet of how the state’s finances can be misunderstood, misreported and intentionally distorted.