Moody’s is upgrading Illinois’ bond rating for the first time in over 20 years. Governor J.B. Pritzker announced yesterday that the state is moving from a rating of Baa3 to Baa2 with an outlook of stable. Pritzker says the change means lower costs for taxpayers on state debt. The governor says the state’s backlog of bills is down from over 16-billion four years ago to just under three-billion today.
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