CONNECT WITH WMAY
Brett Winterble Brett Winterble
9:00pm - 12:00am
The Brett Winterble Show

Contact Me

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Google
Custom Search
July 27, 2014, 11:15 pm
970 WMAY News

Credit Downgrade Doesn't Keep Bond Buyers Away


Despite recent credit downgrades, Illinois has had no problem finding buyers for its latest bond sale.

 

But Governor Pat Quinn says the state paid a price for not resolving the pension crisis.

 

Uncertainty about the state’s finances drove up the interest rates that Illinois will have to pay to bondholders.

 

Quinn says that will cost taxpayers $130 million over the 25-year lifespan of those bonds.

 

The bonds are being used to finance various state construction projects.

News Video

On Air Video


Facebook Fans


@WMAYSpringfield
LinkedUpRadio Envisionwise Web Services