• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Monday, July 14, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

IL Treasurer calls on Rauner to act immediately to avoid junk bond status

Illinois Review by Illinois Review
July 10, 2017
in Illinois News
Reading Time: 2 mins read
A A
5
26
SHARES
432
VIEWS
Share on FacebookShare on Twitter

122315tvstatetreasurerE

You might also like

Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

CHICAGO – Monday morning, Illinois State Treasurer Mike Frerichs, a Democrat, listed five things he's calling on the governor to do immediately in order to avoid junk bond status for Illinois:

  1. Travel to New York and speak directly to the three rating agencies and explain the lowering status to be unwarranted. 
  2. Proceed to use bond issue to pay down Illinois' $15 billion backlog of bills 
  3. Declare whether he will follow evidence-based model outlined in the state's K-12 school budget. If he refuses, some schools may not have funding to open in the fall.
  4. Clearly communicate the higher income tax rates with employers to collect funds.
  5. Eliminate divisive rhetoric because rating agencies want to see cooperative tone among politicians.

"The governor needs to take action," Treasurer Frerichs said. "We are already taking the necessary steps to do our part. The governor is not showing intention to take action. If he doesn't, Illinois could plunge into junk status." 

Frerichs said his staff thinks there's a possibility of paying down up to $8 billion in backlogged bills.

"If these steps don't happen, Illinois would be the first state to achieve junk bond status – this is not one I'd like to see Illinois take first place on," Frerichs said. 

Related

Share10Tweet7
Previous Post

Thorner/Ingold: Scalise shooting demands lifting D.C.’s concealed carry restrictions

Next Post

DuPage GOP opens process to fill Radogno vacancy

Illinois Review

Illinois Review

Founded in 2005, Illinois Review is the leading perspective and source of conservative news, opinion and information in Illinois. Follow Illinois Review on X at @IllinoisReview.

Recommended For You

Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

by Jacqueline Garretson
July 11, 2025
0
Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

By Jacqueline Garretson, Opinion ContributorA few months ago, I had the opportunity to speak on a podcast where I shared my personal journey in politics, how I became...

Read moreDetails

Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

by James P. Economos, DDS
July 8, 2025
0
Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

By James P. Economos, DDS, Opinion Contributor There’s been constant debate over Illinois' pension system – and for good reason. It remains chronically underfunded and plagued with issues...

Read moreDetails

Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

by Illinois Review
July 8, 2025
0
Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

By Illinois ReviewAt a Tuesday morning press conference at Chicago City Hall, Mayor Brandon Johnson — whose approval rating hovers around six percent — reiterated that local law...

Read moreDetails

Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

by Illinois Review
July 1, 2025
0
Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

By Illinois ReviewIn a shocking cost-cutting move Tuesday, Chicago’s AM560 The Answer terminated longtime morning host Amy Jacobson, as the struggling conservative station grapples with declining relevance –...

Read moreDetails

JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

by Illinois Review
June 30, 2025
0
JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

By Illinois ReviewIn one of the first nationwide hypothetical polls for the 2028 Democratic presidential primary, Illinois Governor and billionaire JB Pritzker ranks at the bottom, receiving the...

Read moreDetails
Next Post

DuPage GOP opens process to fill Radogno vacancy

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?