Illinois, Under Siege, Turns to Big BAB Sale
January 27, 2010
The Bond Buyer - Online edition
This article examines the State of Illinois’ plan to sell $1 billion in Build America Bonds to raise funds for capital projects. The article mentions that Illinois will have a two-year deficit going into FY2011 of $12.8 billion as reported by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation in its recent analysis of the State’s FY2010 enacted budget.