Gov. J.B. Pritzker with lawmakers on April 19, 2022, at Chicago State University where he signed the 2023 budget.
to its lowest investment grade in the early days of the coronavirus pandemic, last gave Illinois an upgrade in 2000.All three ratings agencies, however, have made note of the major challenges still facing the state’s chronically anemic finances, including staggering pension debt and slow economic growth. And even after the recent upgrades, including, Illinois’ ratings remain below those of any other state.
He lauded Democratic leaders for their effort “to make sure that we’re back in good fiscal order, that the state is building its fiscal foundations for the road ahead.” The state has been able to take those additional steps to shore up its finances in large part due to strong revenue growth stemming from a quicker-than-expected economic recovery, spurred by federal stimulus efforts, Fitch noted.
This is so much BS. The only way he was able to smoke and mirrors his way through this budget. Was by using BILLIONS of one time Federal money. Same crap every Democratic city and State pulled. And of course yo report this with no push back
Almost as if Rauner was toxic for our state. Huh. Whodathunk?
So long as they suck the federal teet with BS funds this shithole state doesn’t deserve. Still have horrible roads, ridiculous taxes on anything to do with cars, and a corrupt administration in Springfield, Cook, and Chiraq.
lol - can’t wait to read the nutso downstate trumpers (who haven’t taken an economics course since 1976) responding to this news
Keep Republicans away from downgrading our credits once again
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