A change in outlook from a major ratings agency is likely to have a big effect on Illinois' public debt. Fitch Ratings announced on June 1 that it is lowering the discount rate for U.S. public pension plan liabilities to 6 percent from 7 percent.
Nineteen Illinois communities will receive a total of $7.23 million in funding to improve, rehabilitate and retrofit residential properties, according to the Illinois Department of Commerce & Economic Opportunity (DCEO).
Illinois lawmakers betray their ignorance of the needs and opinions of taxpayers when they pass huge tax increases as a way out of the ongoing budget impasse, a policy expert said on a radio program recently.
Illinois’ ongoing budget problem has left the State Board of Elections in a financial hole so deep that agency officials claim they can’t afford the new computers they need to handle the number of candidates filing petitions to run in next year’s elections.