For the second time in one week, Illinois has seen another improved bond rating. S&P Global Ratings – one of the nation’s major credit rating agencies – announced a credit upgrade Tuesday thanks to the fiscally responsible decisions made by Illinois Democrats.
In response, Majority Caucus Appropriations Leader Elgie R. Sims, Jr. (D-Chicago) released the following statement:
“Today’s news confirms that years of making fiscal discipline our guiding principle are working as intended – we are helping Illinois maintain stability and make smart investments during federal uncertainty that are setting Illinois up for long-term financial success. S&P’s upgrade shows our responsible budgeting approach is paying off and is independent proof that Illinois is an excellent investment.
“When Senate President Harmon asked me to step into my role as budget leader for the Senate Democrats, I vowed to move Illinois forward and put taxpayers first. Since then, we’ve balanced eight budgets, built up our financial reserves and kept our fiscal house in order. We’ll continue our balanced approach, strengthen our fiscal outlook and prioritize every resident, no matter their background, ZIP code or socioeconomic status.”
