Illinois borrowing penalty still three times higher than when Quinn took office

It didn’t take long for Illinois’ spending machine to cram more debt down taxpayers’ throats. Only two months after signing a pension bill, Gov. Pat Quinn is borrowing yet another $1 billion to fund state construction projects. This will be the first large borrowing for Illinois since it passed Senate Bill 1, a pension fix...

TAGS: borrowing, capital project, debt, Pat Quinn, penalty borrowing rate, pensions