The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent legislative changes to pension contributions and the ongoing costs of migrant arrivals.
The GO bonds should be renamed “STOP”
Bonds. The “ usual gang of idiots “ push these as investments but in fact it’s a dead end investment with no way to repay them.
The vultures are circling, the gravy train is
Running out of gravy.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The GO bonds should be renamed “STOP”
Bonds. The “ usual gang of idiots “ push these as investments but in fact it’s a dead end investment with no way to repay them.
The vultures are circling, the gravy train is
Running out of gravy.