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Illinois slashes budget deficit forecast over economic gains

FEBRUARY 11, 2021 | by Shruti Singh | YAHOO FINANCE

By Shruti Singh (Bloomberg), includes “Illinois, whose chronic fiscal strains have left it with a lower credit rating than any other state, slashed the size of its projected deficit for the next fiscal year as tax revenue fared better than expected during the pandemic. … The yields on its bonds -- which hit more than 6% for 10-year securities in March -- have since tumbled to around 2% as the outlook for the state improved.”

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