Illinois reverses decade-long fiscal tide in interim 2022 audit
Illinois' net position for governmental activities remains deep in the red but after years of falling further behind, it trimmed the gap in fiscal 2022.
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Illinois' net position for governmental activities remains deep in the red but after years of falling further behind, it trimmed the gap in fiscal 2022.
Most suburbs saw a major infusion of sales tax revenue last year largely fueled by a trio of events, but some experts warn that what goes up eventually comes down.
Illinois closed the books June 30 on a "record-breaking" year for general fund revenues.
Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from cusp of junk, where it once sat.
Initially there were five bidders for what is to be Illinois' largest casino.