East Moline’s plan to pay off fire, police pensions tanks city’s credit score – WQAD (Moline)

"Moody's is giving a credit score to East Moline saying, hey, it's two notches away from junk. It's a really bad rating," said Ted Dabrowski, president of Wirepoints. "It's a very bad signal for a very bad idea." Dabrowski argues that municipalities should never take out bonds, against taxpayer money, to gamble in the stock market.

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