Illinois $10B Pension Bond Plan Passes Senate

Carvlin, Elizabeth
April 2003
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p1
Trade Publication
The Illinois Senate has approved on April 4, 2003 Governor Rod Blagojevich's 10 billion dollar general obligation pension bond proposal. The vote was decided after Blagojevich explained the context of the plan within his budget proposal, which he will introduce during the second week of April. The approval came after Blagojevich negotiated on April 3 with Republicans who had refused the deal in an earlier vote. The borrowing plan would make available funds to help cover a projected 4.8 billion dollar deficit in the fiscal 2004 budget.


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