Chicago

Moody’s clears the air: Illinois under review for possible downgrade to ‘junk’ status because of debt crisis

By Michael Lucci
07/05/2017
Though the Illinois House of Representatives appears close to overriding Gov. Bruce Rauner’s veto of a tax hike budget plan, and thereby ending Illinois’ more than two years without a full-year budget, Moody’s Investors Service has said it might still downgrade the state’s credit, largely due to Illinois’ unsustainable debt.

TAGS: Bruce Rauner, budget, credit rating, Illinois House of Representatives, Moody's Investor Service, veto

Illinois lawmakers hike 911 fees statewide, override Rauner’s veto

By Austin Berg
07/03/2017
Gov. Bruce Rauner issued an amendatory veto nixing fee hikes from a 911 service reauthorization bill lawmakers sent to his desk, noting Illinoisans already pay some of the nation’s highest taxes on their cellphones. But those fee hikes will become law, as lawmakers have voted to override the governor’s veto.

TAGS: taxes, wireless tax