Wednesday, February 14, 2018 

Illinois state finances have been decimated by Bruce Rauner’s staggering mismanagement and crisis driven agenda. While lurching the state from crisis to crisis, Bruce Rauner has dragged Illinois’ state credit rating to near junk bond status, tripled the state’s bill backlog while adding $1 billion dollars in late payment fees, and devastating finances for Illinois’ public university system.

REALITY CHECK:

• Illinois’ bond rating is only one step above junk, the lowest ever for a state in the U.S.
• During Rauner’s administration, Illinois suffered through eight bond downgrades.
• As a result of Bruce Rauner’s budget crisis, the state bill backlog tripled.
• Because of his fiscal mismanagement, Illinois racked up over $1 billion in late payment fees.
• Rauner’s gross mismanagement of state finances was so bad, Illinois taxpayers paid up to 12% interest on state bonds.
• Five Illinois universities have been downgraded to junk status, with others just a few notches above.
• Rauner’s secret MCO scheme could destabilize Medicaid while sending costs skyrocketing.

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