Mar.05 — Sean Carney, head of municipal strategy at BlackRock, and Bloomberg’s Flynn McRoberts examine the new revenue plan for the state of Illinois as it faces mounting pension liabilities. They speak on “Bloomberg Daybreak: Americas.”
More info on Illinois Pension Liabilities Add to State’s .2 Billion Deficit
Illinois Governor Pritzker Proposes Tax Cuts in Election-Year Budget
A projected general-fund surplus of $458 million, more than half of which will be used to build up the state’s rainy-day account, contrasts with a $406 million deficit ... in fiscal 2023 Illinois has ...
Illinois budget would tap surpluses for pensions, rainy day fund
Illinois would pump up now near-empty rainy day fund, pay more of its bills down, bolster scheduled pension ... add to the state’s future strains, warning that Pritzker’s plans add $2.5 ...
Pritzker Seeks to Burnish Illinois’s Newly Won Fiscal Reputation
The state has a history of financial missteps. Its unfunded pension liability ... billion, from about $5 billion a year ago. While Illinois was the only state to tap the Fed’s Municipal Liquidity ...