Illinois could learn credit rating lessons from Michigan

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Michigan clawed its way out of the cellar many years ago, but is not without problems.  We continue to learn about the games that governors have played once they leave the office.  Snyder’s shenanigans are starting to come to light even now.  However, even with these issues, the Great Lakes State is dramatically better off than it’s neighbor to the southwest.

Illinois’ Great Lakes neighbor Michigan may have some lessons that Illinois could learn when it comes to finances. Credit rating agency S&P’s latest Illinois report removed the Land of Lincoln from a negative to a stable outlook because of the budget and $5 billion tax hike imposed by lawmakers in July. But, Illinois still has the lowest credit rating […]

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