Illinois Pension Liabilities Add to State's $3.2 Billion Deficit
Interactive Video
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Business, Social Studies
•
University
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Hard
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary financial challenge faced by Illinois as discussed in the video?
Unfunded pension liability
Low tax revenue
Excessive infrastructure spending
High unemployment rate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did Bill Daley not make it to the runoff in the Chicago mayor's race?
He suggested rolling back pension benefits
He proposed increasing taxes
He was involved in a scandal
He lacked political experience
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of Governor Pritzker's plans to address the pension crisis?
Increasing sales tax
Cutting education funding
Selling pension bonds
Implementing a flat tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market's perception of Illinois' financial situation?
It is stable and improving
It is risky with high premiums
It is similar to California
It is better than New Jersey
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the municipal market view the demand for bonds?
Demand is only for short-term bonds
Demand is unpredictable
Demand is high and sustainable
Demand is low and declining
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy is being used for troubled states like Illinois in the bond market?
Reducing bond issuance
Issuing more general obligation bonds
Increasing interest rates
Focusing on specific revenue bonds
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What impact did the tax cut and JOBS Act have on the municipal market?
Increased supply of bonds
Eliminated state taxes
Decreased demand for bonds
Capped the salt deduction
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