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
Latest News Stories
State Update: County Officials Raise Alarms Over Pritzker’s ADU Zoning Push and Data Center Tax Breaks
Federal Update: DHS Shutdown, War Powers, and Housing Legislation Dominate Washington
Will County Approves Diamond Enterprise Zone Expansion to Support $355 Million Energy Investment
Will County Corporate Revenues Surpass Expectations, Igniting Debate Over Delinquent Tax Sales
Will County Grants Extensions for Seven Solar and Commercial Projects Amid Permitting Delays
Meeting Summary and Briefs: Will County Public Works and Transportation Committee for March 3, 2026
Will County Committee Postpones Liquor, Ad-Hoc Committee: Gaming, and Tobacco Ordinance Updates Amid Extensive Revisions
Green Garden Township Board Opposes Earthrise Solar Project, Begins Exploring Incorporation
Land Use Committee Approves 4.98-Megawatt Solar Facility on Eagle Lake Road Near Peotone
Will County Advances Nearly $1.5 Million in Right-of-Way and Improvement Agreements for Weber, Gougar, and Laraway Roads
Public Works Committee: Approves $1.59 Million Contract for Scheer Road Bridge Replacement in Green Garden Township
Will County Board Backs $10 Million State Public Health Grant Increase Amid Funding Cuts
Barn Fire on Whispering Hills Lane Claims Livestock, Draws Extensive Mutual Aid Response
Will County Public Works Committee Shelves License Plate Reader Agreement Amid Bipartisan Privacy Concerns
