Richard Ciccarone Quoted in Recent Bond Buyer Article

Richard Ciccarone was recently quoted in a Bond Buyer article by Jennifer Shea about Illinois’s net position in the 2023 fiscal year.

"Illinois was rewarded by ratings and the market this year [after] improving its balance sheet to restore its liquidity as well as incrementally reduce its overall long-term liabilities. Keeping the course will become more difficult as the state must rely more on its own revenues to cut the massive pension burden that remains."

Richard Ciccarone
President Emeritus of Merritt Research Services LLC, an Investortools Company.

Read the full article and more of Richard’s commentary here: Illinois improves net position but sees pension liabilities rise | Bond Buyer

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