Videotape issued today from Senator Mark Kirk regarding downgrading of the State of Illinois credit rating.
On August 17, 2012 the Illinois General Assembly ended its special session, having failed to pass comprehensive reforms to the state’s pension system, which S&P has cited as one reason for its downgrade of the state’s general obligation debt from A+ to A with a negative outlook. Ratings downgrades can increase interest costs on bonds, resulting in higher expenses for state infrastructure projects including schools, highways and other improvements.
Illinois may have to pay an additional $1.5 million annually for each $100 million it borrows.
– Associated Press, August 29, 2012
Standard & Poor’s Rating Services lowered the credit rating and assigned a negative outlook for the State of Illinois on August 29, 2012, because of weak pension funding levels and lack of government action on reforms.
Get updates from The Cardinal ALL NEWS FEEDS on Facebook. Just ‘LIKE’ the ‘Arlington Cardinal Page (become a fan of our page). The updates cover all posts and sub-category posts from The Cardinal — Arlingtoncardinal.com. You can also limit feeds to specific categories. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …CLEAR SKIES?  Weather Data for Tuesday, September 18th, 2012
SEARCH BOX PRODUCES RESULTS FOR The Cardinal -- Arlingtoncardinal.com ...
(POWERFUL SEARCH for The Cardinal, which can be expanded on the results page.)
Where background Wikipedia info/photos are used, original work is modified and released under CC-BY-SA.
! MORE NEWS FAST!!! MOST RECENT: CRIMEBLOG | MOST RECENT: FIREBLOG | SUBMIT NEWS TIPS
::: Health, wellness and fitness gifts! CoolFitnessGifts.com ::: Cubs, Sox caps at ChicagoFanfare.com :::
ARLINGTON HEIGHTS BREAKING NEWS --The Cardinal -- Arlingtoncardinal.com is a breaking news blog with Arlington Heights & Chicagoland emphasis. Early breaking reports may prove to be inaccurate after follow-up investigation, which may or may not be updated in The Cardinal -- Arlingtoncardinal.com. For in-depth coverage, please also check the following links for network television, cable news networks and Chicago local media coverage ...
Daily Herald | Daily Herald -- Arlington Heights | YouTube.com/DailyHeraldClips
Today's headline videos: FOXNews Video | YouTube.com/FoxNews | Associated Press | The Cardinal
|RSS Help ...
crimeblog | fireblog
|¬´ EARLIER | SEARCH ARTICLES BY DATE -- Arlingtoncardinal.com/searchdate | LATER ¬ª|