Illinois

Illinois Report Revised

The Illinois state report was revised in August 2013. The revision corrects an error on p.28 of the report that said the Illinois pension obligation bonds caused a financial loss for the state. While this had been reported to be true when the Illinois report was being researched, it was not true when the report was published and a former state official brought this to our attention. The revised version notes that the POBs were ahead financially as of 2012, although that could change, and it re-emphasizes that POBs are risky nonetheless.