State of Illinois Capital Markets Presentation
Liquidity
• The Governor's Proposed FY2020 Budget estimates $2.3 billion in transfers from the General Funds to
GOBRI in FY2020, with the balance expected from other State funds.
-
In FY2020, the State transfers will average approximately $190 million a month from General Funds to
GOBRI after the issuance of the Series A Pension Acceleration Bonds.³
General Funds State Source Revenues available to make General Revenue Fund debt service in FY 2020
are projected to total approximately $2.8 billion per month on average providing 14.7x debt service
coverage.
• As of March 1, 2019, $1.0 billion was available in GOBRI.
Fiscal Year End All Fund Cash Balances¹
Transfers to the GOBRI Fund ($Millions)2
2016 2017 2018
2019 2020
Est. Proj.
12.0
$12
$12
$11
$12
$9
$10
10.0
General Revenue
Fund
Capital Bonds
8.0
Pension Bonds
$557 $626 $797 $608 $500
1,423 1,609
1,576 1,243
708
$Billions
Section 7.6 Bonds
527
801
982
6.0
Pension Acceleration
7
92
4.0
GRF subtotal
$1,979 $2,235 $2,899 $2,659 $2,282
Road Fund
334
305
349
339
338
2.0
School Infrastructure
Fund
212
115
172
157
154
0.0
2013
2014
2015
2016
2017
2018
Capital Projects Fund
TOTAL
533
477
285
481
633
$3,057 $3,133 $3,706 $3,637 $3,407
1.
Does not include Federal Trust Funds. Includes GOBRI. June 30, 2016 balance show an increase from FY 2015 due in part to the late enactment of FY 2016 appropriations for many State
funds.
2.
Does not include debt service transfers on short-term debt as may have been from time to time outstanding
3.
23
This figure does not take into account the impact of the refunding
AL OF THE STAT
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