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S&P upgrades Illinois bond rating S&P upgrades Illinois bond rating

S&P upgrades Illinois bond rating

The credit rating agency S&P Global Ratings upgraded Illinois’ bond rating on Thursday, citing the state’s improved financial condition.  It’s the second upgrade from a major credit rating agency to move the state away from the brink of “junk” status.

State revenues surged in previous fiscal year State revenues surged in previous fiscal year

State revenues surged in previous fiscal year

Revenues flowing into state coffers surged in the fiscal year that ended June 30, spurred largely by an influx of federal funds, the delayed deadline for filing income tax returns last year and an economic recovery that boosted income and sales tax collections beyond what had been estimated.

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