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Mendoza announces that Illinois has paid off $2 billion COVID loan
— Now Decatur | Hadden, D. — View the article. Two years ahead of schedule, Illinois Comptroller Susana A. Mendoza has made the final $302 million payment on a $2 billion loan the state took out in 2020 to cover COVID-19 expenses. It’s estimated the early pay-back of the loan will save Illinois taxpayers $82…
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Feeling ’22
— POLITICO Illinois Playbook | Shia Kapos — Familiar name on Mendoza’s team: Comptroller Susana Mendoza has tapped Springfield native Jack Londrigan to manage her 2022 re-election campaign. He starts today. “I first took note of him in Urbana-Champaign when he was outreach director for the University of Illinois College Democrats. Since then, he has been…
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Illinois Receives 1st S&P Bond Rating Upgrade in Nearly 25 Years
— NBC Chicago News | NBC Staff — View the article. A little more than a week after Illinois’ credit rating was upgraded by Moody’s for the first time in more than two decades, S&P Global Ratings has now followed suit, upgrading the state’s rating for the first time in nearly 25 years. According to…
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Illinois bond rating upgraded for first time in 20 years
— ABC News Channel 20 | WICS/WRSP Staff — View the article and watch the video. Moody’s has upgraded the state of Illinois’ bond rating for the first time in more than two decades. Governor JB Pritzker, D-Illinois, made the announcement on Tuesday during a press conference in Springfield. Gov. Pritzker said the state’s bond…
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Comptroller Mendoza welcomes first Illinois upgrade in two decades
— 23 WIFR | WIFR Newsroom — View the article. Illinois Comptroller Susana A. Mendoza issued a statement following the first rating upgrade for Illinois in two decades from Moody’s Investor Services. “I couldn’t be happier that our hard work is producing results: the first rating upgrade for Illinois in two decades from Moody’s Investor…
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Comptroller’s ‘no exit bonus, no signing bonus’ reform passes in legislature’s ethics package
— 23 WIFR | WIFR Newsroom — View the article. ROCKFORD, Ill. (WIFR) – Legislators of both parties exploited a loophole in state law that allowed them to resign on the first day of the month and collect the whole month’s pay or get sworn in at month’s end but claim a whole month’s pay,…
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Illinois Comptroller Calls For Fiscal Discipline To Maintain Reduced Bill Backlog [AUDIO]
— NPR Illinois | Cantu, D. — Listen to the interview. Illinois has reduced its bill backlog to just under $4 billion — a far cry from the nearly $17 billion high seen just after the state’s two-year budget impasse presided over by former Gov. Bruce Rauner. But the state’s top financial officer, Comptroller Susana…
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Editorial: Smaller backlog is welcome news
— Quad-City Times | Editorial Board — View the article. Remember, a few years back, when Illinois was regularly letting its bills stack up. Like a freeloader with big spending appetites —but without the income to match — the state was regularly letting the bills from social service agencies, health care facilities and myriad other…
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Editorial: Is Illinois no longer a deadbeat? Not exactly…
— Chicago Tribune | Editorial Board — Listen to the article. Good news has been all but nonexistent when it comes to the abysmal state of Illinois’ finances. The state’s pension shortfall stands at a hard-to-fathom $141 billion. Its bond rating continues to hover near junk status. And it was only a few years ago,…
