Series of November 2019 Capital Bonds
Recent Legislative Accomplishments Bolster the
State's Inherent Credit Strengths
Accomplishments of Spring 2019 Legislative
Session
Passage of a bipartisan balanced FY 2020
budget
Passage of the Income Tax Amendment that
will be voted on by Illinoisans in November
2020, along with P.A. 101-008, establishing
new rates contingent upon passage of the
Income Tax Amendment
Passage of the bipartisan $45 billion Rebuild
Illinois capital plan, the largest infrastructure
investment in Illinois history
Passage of gaming expansion and legalization
of sports betting
Inherent Illinois Credit Strengths
Sovereign State with significant revenue
flexibility
Illinois' economy is the 5th largest in the
United States and 18th largest worldwide
GO Bond debt service has an irrevocable and
continuing appropriation, which allowed for
continued debt service payments in the
absence of a budget during FY 2016 and FY
2017
GO Bond debt service is limited by statute,
unless waived by the Treasurer and the
Comptroller
SEAL
THE STATE
OF ILLINOIS
AUG 94 1818
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