The Bond Buyer
This article discusses the State of Illinois’ upcoming issuances of general obligation bonds to fund its ongoing public works program. Plans include bond sales of between $500 million and $750 million on January 11 and additional bond sales up to $750 million in March following the release of Governor Pat Quinn’s proposed FY2013 budget. The article cites the Civic Federation’s projection that Illinois’ total general operating deficit, including accumulated deficit from prior years, will increase to $5 billion by June 2012.