CHICAGO (CBS) — Illinois’ financial condition is taking another hit.
Moody’s
Investor Services has downgraded the state’s credit outlook from
stable to negative.
Illinois
is behind everybody, even California.
He
added that will make it difficult to borrow money to build roads and
public buildings.
State
Treasurer Dan Rutherford is not overly concerned about a pension
solution winding up in court.
“If
the reason we are having inaction is because we’re constipated
because of fear of a legal challenge going to the Supremes, my
attitude is: go for it. Put the best legal minds to it, figure out
the best position for choice that we believe can pass constitutional
muster, and put it out there,” said Rutherford.