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Judge throws out lawsuit challenging $14 billion in state bonds Judge throws out lawsuit challenging $14 billion in state bonds

Judge throws out lawsuit challenging $14 billion in state bonds

A Sangamon County Circuit Court judge this week declined to hear a lawsuit challenging the constitutionality of two of the state’s general obligation bond issuances, but the lead plaintiff in the case has vowed to appeal. John Tillman, CEO of the Illinois Policy Institute, filed a petition in July seeking permission to challenge the legality of bonds the state issued in 2003 and 2017.

Comptroller report shows state’s finances in bad shape, but improving Comptroller report shows state’s finances in bad shape, but improving

Comptroller report shows state’s finances in bad shape, but improving

The state of Illinois ran up a deficit of more than $7.7 billion in the fiscal year that ended June 30, 2018. But as bad as that sounds, it was only about half as bad as the $14.6 billion deficit amassed the year before. That’s one of the conclusions from the latest Comprehensive Annual Financial Report that Comptroller Susana Mendoza released Thursday.

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