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Critical data, time lost in compiling state financial report Critical data, time lost in compiling state financial report

Critical data, time lost in compiling state financial report

A major tech failure at two of Illinois’ largest agencies and a lack of a uniform financial system contributed to officials publishing a key document detailing the state’s fiscal health eight months late. The Comprehensive Annual Financial Report, released Thursday, is used by ratings agencies to determine Illinois’ credit rating, which affects the interest rates it receives for bonded projects.

Pritzker files federal disaster request for estimated $69 million in flood damages Pritzker files federal disaster request for estimated $69 million in flood damages

Pritzker files federal disaster request for estimated $69 million in flood damages

Illinois is officially seeking its first federal disaster declaration since 2013 to help businesses, local governments and homeowners recover from damage caused by several months of major flooding. Democratic Gov. J.B Pritzker announced the request in a Thursday news release which detailed more than $69 million in direct losses caused by the flooding.
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