Illinois Quick Hits: Chicago suffers credit rating downgrades
(The Center Square) – Two credit agencies have downgraded Chicago’s general obligations bond rating to BBB+.
Fitch Ratings cited consecutive operating deficits since 2023 and high dependence on non-structural solutions and assumptions. KBRA cited deteriorating fund balance, narrowing liquidity, and exceptionally high and rising fixed cost burden, including the state legislature’s passage of Tier II pension adjustments last year.
CTU LEADER PUSHES PRITZKER TO TAX BILLIONAIRES
A coalition of legislators, labor unions and activists are pushing for taxes on wealthy people and large businesses to fund public schools, roads, transit and services.
Chicago Teachers Union vice president Jackson Potter said governors like J.B. Pritzker have the power and the road map, and Illinois should be a leader and not a follower. Potter’s comments were part of a statement from a national coalition’s push to “tax the rich.”
MORE BALLOT ERRORS REPORTED
Illinois Republican gubernatorial candidate Ted Dabrowski says approximately 25 counties have placed an invalid candidate on the March 17 primary ballot.
The Illinois State Board of Elections excluded Joe Severino from final candidate certification and sent an email to county clerks stating that Severino’s name should not be included due to a circuit court decision.
Dabrowski said Severino’s placement on the ballot violates the constitutional and statutory requirement for statewide ballot uniformity.
Showers And Thunderstorms Likely
Latest News Stories
Trump says court’s tariff decision could lead to ‘catastrophic’ collapse
Trump: Zelenskyy could end Russia-Ukraine war ‘if he wants to’
$750 million facility to protect Texas cattle, wildlife from screwworm threat
Chicago posts fewest homicides since 2016, arrests rate also declines
Three years later, Inflation Reduction Act blamed for higher Medicare costs
Illinois quick hits: Prosecutors charge two more in Tren de Aragua case; Senate Energy and Public Utilities Committee meets today; Illinois Little League team loses in World Series
Report: Human Rights Campaign pressures transgender procedures on minors
Everyday Economics: Housing market and Fed policy in focus in the week ahead
Executive Committee Considers $12,000 Strategic Planning Initiative with University of St. Francis
Businesses brace for new tax challenges amid global tariff focus
WATCH: IL state reps challenge IEMA-OHS responses to local agencies
Illinois takes over health insurance marketplace in 2026 amid skepticism
Judge expands restraining order against ‘Beto’ O’Rourke, adds ActBlue
