published Apr 12, 2018, 9:45:11 AM, by Elizabeth Campbell (Bloomberg) — Illinois residents could enjoy lower taxes if their squabbling leaders tackle the debt-riddled state’s biggest problem — its massively underfunded pension system. But that’s a big if. Republican Governor Bruce Rauner, who’s running for re-election this year, says he

published Jun 1st 2017, 11:40 am, by Elizabeth Campbell (Bloomberg) —Illinois had its bond rating downgraded to one step above junk by S&P Global Ratings, the lowest grade that it’s given to a U.S. state on record, as a long-running political stalemate over a budget shows no signs of ending.