The State of Illinois will find out this week how willing investors are to buy the state’s bonds, which are rated the lowest in the country by Moody’s. The state plans to sell $3.7 billion worth of bonds as early as tomorrow to make this year’s pension payment.
Some community leaders on Chicago’s West Side don’t like the way Illinois Gov. Pat Quinn’s administration is doling out funds in a $31 million program to combat Chicago-area youth violence. They wonder why aldermen are involved and why the pastor of Ald.
Illinois National Guard officials said the 440 Illinois soldiers on a yearlong peace-keeping mission in Egypt have not been seriously affected by the rioting in Cairo and other major Egyptian cities. The Illinois troops aren't able to use commercial communication method
A new report ranks Illinois fifth in the nation for having the largest combined pension and debt burdens per capita. The Moody's Investors Service report attempts to hone in on how pension liabilities will affect credit ratings.
Illinois Gov. Pat Quinn plans to appeal a court ruling striking down a $31 billion dollar statewide construction plan. The appellate court ruling, issued Wednesday, said the construction plan, which is meant to pay for big roads, bridge and school projects, is unconstitutional.
Illinois Governor Pat Quinn says an inquiry by the Securities and Exchange Commission won’t interfere with the state’s plan to sell bonds next month. Kelly Kraft, a spokeswoman for the governor, says the SEC began the inquiry in September.