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.