COMPTROLLER MENDOZA'S STATEMENT ON TODAY'S UNANIMOUS SUPREME COURT RULING
Thursday, May 20, 2021
“The Supreme Court of Illinois got it right: The taxpayers of Illinois should not have to suffer financial Armageddon just so rich people who bet against Illinois can profit. Never bet against Illinois.
“The original judge on this case was right to throw out this irresponsible lawsuit brought by former Gov. Bruce Rauner’s No. 1 advisor and Illinois Policy Institute CEO John Tillman. His ridiculous lawsuit was aimed at tanking Illinois’ finances – for the profit of named or unnamed hedge funds.
“As today’s ruling noted, bond counsel and the state Attorney General signed off on all these bonds. They were constitutional. While the fiscally responsible 2017 bond offering that I championed saved taxpayers $4 to $6 billion in late payment interest penalties and served as a lifeline to businesses across Illinois, it hurt the profit margins of those who chose to bet against Illinois. They gambled and lost. Their irresponsible game is over.
– Illinois Comptroller Susana A. Mendoza