Thursday, November 10, 2016

Lockbox Amendment Earn Illinois Credit Warning

The last thing Illinois needs is another handcuff on state finances.  And that's exactly how Moody's Investment Services is viewing the state's lockbox amendment for roads.  Moody's yesterday issued a 'credit warning' for the state because the recently approved amendment will place about 600-million dollars a year off-limits.  Moody's says future lawmakers are now boxed in by their inability to look at gas taxed or road fees as a way to pay for other state needs.

No comments:

Post a Comment