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Treasurer Discusses State Avoiding Junk Bond Status

ILLINOIS TREASURER MIKE FRERICHS IS OFFERING SOME SUGGESTIONS TO HELP MAKE SURE THE STATE AVOIDS JUNK BOND STATUS. 
 
ALTHOUGH ILLINOIS NOW HAS A BUDGET, THE STATE’S FISCAL CONDITION REMAINS ON VERY SHAKY GROUND AND A RATING DOWNGRADE COULD STILL HAPPEN. TREASURER FRERCIHS SAYS FOR STARTERS, THE GOVERNOR NEEDS TO PAY A VISIT TO THE BOND HOUSES IN NEW YORK.
 
 
ADDITIONALLY, FRERICHS SAYS SCHOOLS NEED TO OPEN ON TIME AND THE STATE MUST QUICKLY WORK TO ADDRESS THE CURRENT 15 BILLION DOLLAR BACKLOG OF BILLS.
 
 
FRERICHS ALSO SAYS THE STATE SHOULD REACH OUT TO ILLINOIS EMPLOYERS TO EXPLAIN THE NEW TAX RATES.

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