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July 30, 2014, 4:05 am
970 WMAY News

Bond Agencies Warn: State Credit Rating Could Hinge On Revenue Picture


Bond rating agencies are warning that Illinois could face credit downgrades if it doesn’t extend the state income tax increase… or find some other way to make up for a huge revenue shortfall. 

 

The agencies are keeping the state’s bond rating intact for the moment… but say that could change depending upon the outcome of budget talks, and the fate of the state’s new pension reform law.

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