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Illinois Comptroller Susana Mendoza talks with Yvette Shields about the state's progress on building up reserves and paying down debts that have helped lift the state's bond ratings, efforts to make further headway and the challenges of making sure fresh legislative faces understand the pains suffered during the two-year budget impasse. (35 minutes)
The state plans to enter the market before the fiscal year closes June 30th with eyes turned to Fitch and whether it will follow Moody's and S&P with an upgrade.
Balances in rainy-day funds hit all-time highs in 37 states by the end of the 2022 fiscal year. That's the biggest tally in over two decades.
Establishing a crisis sfons system cost $130.6 annually. >> the problem in this country is, chris, when we specifically have had opportunities to talk about policing and reforms when it comes to police departments across this country, there have been factions who are voices on the left and frankly voices on the right who are not speaking in the reality of this situation. defunding the police department, doing away with police departments is not practical, it's not realistic, okay, i want to be able to call the police in my neighborhood. absolutely, there's financial case to be made. not just f...
Illinois earlier this week saw its second upgrade of the year and Gov. J.B. Pritzker suggested an uptick in revenue projections could provide room to further bolster fiscal metrics that helped draw the upgrade.