News

S&P Revises Illinois Outlook Downward

S&P Revises Illinois Outlook Downward

Photo: Newsradio WTAX

Standard & Poor’s Ratings Services has changed its outlook on Illinois’ credit rating for the worse.

It revised its outlook from “developing” to “negative” on Illinois’ A-minus rating. S&P says the state’s $35.7 billion budget isn’t structurally balanced. It also cites an Illinois Supreme Court ruling that found the state can’t force retirees to pay for part of their health care.

S&P says if the pension overhaul is found unconstitutional it could have a “profound and negative effect on Illinois’ budgetary performance and liquidity.”

Recent Headlines

in Local

Meat “Harvest” Facility, Market Denied Zoning Variance

municipalcenter

Springfield Planning and Planning Commission turns back request on a 4-3 vote

in Election 2014, Local

GOP Appeal Seeks to Knock Libertarian off Ballot

ballot

A Sangamon County judge is considering an appeal by Republican attorneys to remove a Libertarian candidate for Illinois governor from the November ballot.

in Local

Rauner Unveils Ethics Reform Plan

rauner

Plan for ethics reform contains some new and not-so-new proposals

in Local

Rauner Dodges Question about Football and Domestic Violence

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Criminal allegations against pro football players are finding their way into the Illinois governor's race

in Local

Former Glenwood HS Student Arrested for Twitter Threat

ball_chatham

A non-specific Twitter threat sent Chatham Police and Glenwood High School staff into action Wednesday.