Chicago’s Credit Rating Lowered By Fitch Ratings, Moody’s, Standard & Poor’s
The three major U.S. credit rating agencies have downgraded the City of Chicago this past week. Last Tuesday, Moody’s announced on its website: Rating Action: Moody’s downgrades Chicago, IL to Ba1,...
View ArticleMoody’s Downgrades Cook County’s Credit Rating, Issues Negative Outlook
The following is kind of stale, but the local press didn’t really publicize it and Cook County residents are entitled to know the financial health of the local government unit in these uncertain times....
View ArticleChicago Tribune: ‘Chicagoans Should Consider A Modest Property Tax Increase...
Coming on the heels of last Thursday’s post and an earlier one about Chicago-area property/other taxes was an article by Chicago Tribune business columnist Melissa Harris entitled “Chicago isn’t...
View ArticleS&P Cuts Chicago’s Credit Rating Twice In Less Than 2 Months
Surprise, surprise. The City of Chicago’s credit rating was lowered yet again. This time, it’s Standard & Poor’s that did the cutting. Karen Pierog and Tanvi Mehta reported on the Reuters website...
View ArticleJudge Rules Chicago’s Pension Reform Legislation Unconstitutional
Here’s the latest on Chicago’s public pension crisis. Hal Dardick and Rick Pearson reported on the Chicago Tribune website last night: Mayor Rahm Emanuel’s administration said it will appeal a Cook...
View ArticleCrain’s Chicago Business: Pension Reform Ruling Could Cost Taxpayers Extra...
In my Sunday post about Chicago’s pension reform legislation being ruled unconstitutional, I blogged: Chicagoans- let that last line from Dardick and Pearson sink in real good: “Taxpayers could...
View ArticleSP Intel Report- October 26, 2015
Welcome to the inaugural post of the “SP Intel Report.” On October 15 I blogged big changes were coming to Survival And Prosperity starting October 19. I wrote: Each day will begin with an “SP Intel...
View ArticleSP Intel Report- November 11, 2015
Chicagoland Moody’s Predicts Chicago’s Unfunded Pension Liabilities Could Grow For At Least Another Decade Regrettably, the City of Chicago’s pension crisis is far from being resolved. From a press...
View ArticleMoody’s On Chicago Public Schools Crisis: Consider Tax Levy, Pension...
“Chicago and New York rank at the bottom of a new analysis of fiscal strength based primarily on data from 2015 financial reports issued by the cities themselves. The analysis includes 116 U.S. cities...
View ArticleState Of Illinois Downgraded By Fitch Ratings
Fitch Ratings, a major U.S. credit rating agency, announced this afternoon it had downgraded the State of Illinois. From their news release: Fitch Ratings has downgraded the following ratings of the...
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