from Breakingviews:

Illinois governor all but summons bond vigilantes

May 17, 2016

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

from MuniLand:

Illinois’ expensive retiree health care ruling

July 7, 2014


Illinois suffered a blow when the State Supreme Court ruled that public employee retiree health benefits are enshrined in the state constitution and may not be adjusted via legislation. Illinois has lost an important tool for reducing $56 billion of unfunded retiree health care liabilities and $100 billion in unfunded pension liabilities. These unfunded retiree costs outstrip the state’s $33 billion of net tax supported debt.

from The Great Debate:

Is Michelle running for the Senate?

June 5, 2014

michelle walking in

First Lady Michelle Obama is everywhere. She’s traveling to China. She’s raising money for Democrats. She’s issuing plaintive tweets seeking the rescue of the kidnapped Nigerian girls.

from MuniLand:

Is Illinois getting weaker?

March 20, 2014

Illinois has queued up contestants for the governor’s race this fall. The New York Times reports:

from MuniLand:

How effective was Illinois’ pension reform?

December 15, 2013

The state of Illinois had two milestone events recently. The legislature passed a long-awaited pension reform and the state treasurer issued $350 million of taxable general obligation (GO) bonds. The Bond Buyer reported on the GO offering:

from MuniLand:

The high cost of borrowing for Illinois

June 27, 2013

from MuniLand:

Illinois: Driving into a ditch

June 4, 2013

The state of Illinois, which joined the union in 1818, has a state motto: “State Sovereignty, National Union.” The website Netstate says this about the motto:

from Full Focus:

Two moms, two kids, one family

March 25, 2013

Ava and Jaidon have two moms. Theresa Volpe is “mommy” and her partner Mercedes Santos is “mama”. Santos and Volpe are a same-sex couple raising two of their biological children as they struggle to get same-sex marriages passed into law in Illinois. Photographer Jim Young spent time documenting the family. Read Jim's personal account.

from MuniLand:

Two massive pension reform struggles

March 23, 2013

After similar challenges fought in 42 other states, Muniland’s two weakest credits - Illinois and Puerto Rico - are fighting difficult battles over pension reform. The pension struggles will have enormous effects on their creditworthiness.

from MuniLand:

Illinois, the sovereign entity, gets a slap on the wrist

March 12, 2013

Numerous public pension plans across America are in horrendous shape. The employee plan of the Commonwealth of Puerto Rico, funded at an alleged 7 percent of assets, is functionally broke. Other public plans, like that of Charleston, West Virginia, have 24 percent of the assets needed to meet future promises to retirees.