GOVERNOR J-B PRITZKER IS TOUTING THE STATE’S THIRD CREDIT RATING UPGRADE IN TWO DECADES. 

AFTER YEARS OF BOTTOM OF THE BARREL BOND RATINGS, MOODY’S INVESTOR SERVICE IS BUMPING UP ILLINOIS AGAIN. MOODY’S CITES SOLID TAX REVENUE GROWTH, PAYING OFF THE BILL BACKLOG AND INCREASING PENSION CONTRIBUTIONS. THIS IS GOOD NEWS SAYS THE GOVERNOR.

GOVERNOR PRITZKER SAYS THERE IS MORE WORK TO BE DONE BUT THAT THE STATE IS STEADILY CLIMBING OUT OF ITS FISCAL HOLE.

GOVERNOR PRITZKER SAYS THE UPGRADE MEANS THAT ILLINOIS CAN LIKELY BORROW AT A LOWER INTEREST RATE, SAVING TAXPAYERS MILLIONS OF DOLLARS.