Rockford Register Star
This article reports on the $2.4 billion bond sale signed into law by Governor Pat Quinn on November 18, 2011. The bond sale will allow the State of Illinois to pay off its unemployment insurance loan from the federal government and save Illinois businesses from paying large increases in their 2013 unemployment insurance taxes. The Civic Federation said the bonds sale were the best choice of several unpalatable options, but will not fix the fundamental issue of the state paying more in unemployment benefits than it is bringing in.