Wirepoints: Illinois Tells Voters Its Budget Is Balanced, Warns Bond Investors It's Not

Illinois has one story for voters and a different story for bond investors when it comes to its budget. That’s because you get sued for lying to investors but not for lying to voters.

But now comes the state’s latest  offering statement — the disclosure document for an upcoming bond issue. It says Illinois actually has a $1.2 billion structural imbalance. That structural deficit is among “investment considerations” investors are warned about.  Read the rest of the story here