State of Illinois Capital Markets Presentation
The State's Credit Fundamentals Continue to Improve
7
Inherent Credit Strengths
Sovereign State with significant revenue flexibility
Illinois' economy is the 5th largest in the United States and 19th largest worldwide
ā GO Bond debt service has a continuing appropriation, which allowed for continued debt service
payments in the absence of a fully enacted budget during fiscal years 2016 and 2017
Issuance of additional GO Bonds is prohibited if debt service on outstanding bonds and a proposed
new issuance exceeds 7% of General Funds and Road Fund Appropriations, unless waived by the
Treasurer, the Comptroller, or by Statute
ā As of March 1, 2019, the 2011 pension bonds are paid off, reducing pension general obligation bonds
debt service by $953 million and providing significant financial flexibility
The State recently terminated all of its variable rate debt and associated interest rate swap
agreements
AL OF THE STAT
OF ILLINO
AUG. 26 1818View entire presentation