Martin Luby

flickr/401(K) 2012

A new analysis found that Illinois lost out on millions of dollars when it sold bonds last week.

Martin Luby, with the University of Illinois’ Institute of Government and Public Affairs, compared the recent bond sale to one in 2006, when Illinois had a much better credit rating. This week for Past Due, Jamey Dunn talked with Luby about his report. 

igpa

When it comes to finances, the State of Illinois has a poor reputation.   New research shows how the state's negative perception is costing taxpayers. 

Illinois already has the worst credit rating among states.  And while that adds to the cost of borrowing money, Illinois winds up paying even more because investors view it as risky of default.