Benjamin Yount, Metro Networks
Chicago, IL – (Effingham Radio) – Wall Street analysts aren’t nearly as excited about Illinois’ new budget as state lawmakers.
S&P Global Ratings yesterday said that the new 38-and-a-half billion-dollar spending plan continues Illinois’ habit of planning to spend money that the state may not have.
That’s apparently a reference to the proposed sale of the Thompson Center in Chicago.
S&P, however, didn’t downgrade Illinois’ credit. The state is still rated one step above junk status.