It’s called a financial condition penalty and the Institute for Government and Public Affairs at the University of Illinois says that’s why Illinois brought in over $50 million less in a recent bond sale than it could have 10 years ago.

Governor Bruce Rauner defended last week's $480 million bond sale and said the bonds for infrastructure were appropriate.

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Chris Edwards, an economist at the Cato Institute, is critical of bonds. He says regardless of what the project is, future taxpayers should not be put into debt.

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Meanwhile IGPA says Illinois will need to issue much more annual debt than in the past to address its growing infrastructure needs.