(Springfield, IL) — Illinois‘ credit is still in bad shape, but it isn’t junk, yet. S&P Global Ratings yesterday released a statement that says Sunday’s tax increase and budget votes are a “meaningful step” forward. Illinois lawmakers say they need to raise income taxes by 32-percent in order to avoid a junk credit rating. But Wall Street investors set a July 1st deadline for a budget, and no one is guessing what their reaction will be when they return from the Fourth of July holiday.
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Benjamin Yount/acb IL)
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