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June 23, 2016

Metropolitan Pier & Exposition Authority’s (MPEA) debt service payments may take a backs at to other budget issues in the absence of a FY17 budget for Illinois, said Ralph Martire of the Center for Tax and Budget Accountability.

The prolonged gridlock between Democrats and Republicans held human services and higher education payments as primary hostages in FY16. The outlook for FY17 is even more dour – even schools haven’t received funding yet. Appropriation debt such as MPEA’s served as collateral damage last year, and it’s unclear if it will see the same fate in a little less than a month.

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Source: Debtwire