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.
Mostly Sunny then Slight Chance Showers And Thunderstorms
Latest News Stories
Lincoln-Way Board Reviews $162 Million Tentative Budget, Projects Deficit Due to Bus Purchase Timing
Illinois trucker warns foreign firms faking logs, dodging rules, risking safety
Illinois law mandates pharmacies to sell needles, sparking safety debate
Report warns U.S. national debt predicted to pass $53 trillion by 2035
Courts remain firm against unsealing grand jury records from Epstein trial
White House TikTok garners 1.3 million views in 24 hours
Newsom responds to Bondi’s letter on sanctuary policies
U.S., NATO military officials discuss Ukraine security guarantees
Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud
Industry advocates: More state regulation will drive insurance rates higher
Lawmakers, policy groups react to social media warning suit
Meeting Summary and Briefs: Will County Board Executive Committee for August 14, 2025
Peotone Schools Face ‘Fiscal Cliff,’ Board Considers School Closures and New Construction
Public education budgets balloon while enrollment, proficiency, standards drop
