Illinois is losing population. The state is paying for Madigan's sins.
And it will be paying more for them.
AP tells us why:
A major credit rating agency has again downgraded Illinois' rating, citing the "unprecedented failure" to approve a state budget.
Fitch Ratings lowered the rating Wednesday on nearly $26 billion of general obligation bonds from BBB+ to BBB. That's a few levels above "junk" status.
Illinois already has the worst rating of any state. The lower rating means taxpayers pay more when Illinois borrows money.