Fitch Upgrades Illinois’ Credit Outlook To ‘Positive’

SPRINGFIELD – Fitch Ratings, one of three credit rating agencies that grade Illinois bonds, has upgraded its credit outlook for the state from “negative” to “positive.” Although the state’s overall rating remains at near-junk status at BBB-, the agency said the state’s economic outlook coming out of the pandemic, combined with the recently-enacted budget, are […]

Illinois Supreme Court Rejects Bid That Would’ve Blown Up State’s Finances

SPRINGFIELD — The Illinois Supreme Court on Thursday unanimously shot down a legal challenge to bonds issued by the state in 2003 and 2017, which sought to halt repayment on the bond debt — likely leading to default and fiscal chaos. Instead, Illinois’ seven high court justices agreed the state’s two bond sales in question […]

News Around Illinois – November 20, 2019

school buses

Urbana Board Votes To Increase Police Presence In Schools The Urbana District 116 Board of Education voted 4 to 3 Tuesday night to quadruple police presence in the district’s middle and high schools. The measure comes after a fight in February at the high school that resulted in multiple arrests and injuries. Since 1993, the district […]