Dem Govs Get It Done: Gov. JB Pritzker’s Actions Secure Third Credit Rating Upgrade For Illinois After Over Two Decades Without One
Yesterday, Illinois received its third credit upgrade in less than a year. After going more than two decades without one, the latest upgrade is a testament to Gov. JB Pritzker’s work to put Illinois back on firm fiscal footing.
When Gov. Pritzker came into office, Illinois suffered from an almost $3 billion deficit, facing eight credit downgrades between 2015 and 2017.
“There is more work to be done, of course, but step by step, rung by rung, we are steadily climbing the ladder out of the hole that was dug over decades, and Illinois’ future is bright,” said Gov. Pritzker.
The higher bond ratings will allow the state to borrow money at lower interest rates, saving money for taxpayers. This comes as Gov. Pritzker also signed his fourth balanced budget that includes $1.8 billion in tax relief for Illinoisians.
“Gov. JB Pritzker is turning Bruce Rauner’s debt into a surplus and putting money back in working families’ pockets,” said DGA Senior Communications Advisor Christina Amestoy. “While Gov. Pritzker balances the budget, the Republican candidates for governor would turn back the clock for a disastrous Rauner Reboot.”
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