
“A warning came Saturday morning from state treasurer Dan Rutherford (R) IL State Treasurer. The Standard and Poor’s downgrade from A to A-minus puts Illinois last on the list– and means a higher cost to borrow money.On Wednesday, the state will issue $500 million in new bonds to pay for roads and other transportation projects. Rutherford says the credit downgrade will cost taxpayers an additional $95 million in interest, when compared to a perfect triple-A bond rating enjoyed by other 11 states including neighboring Indiana, Iowa and Missouri.”
http://wgntv.com/2013/01/26/illinois-credit-rating-downgraded-state-drops-to-worst-in-the-nation/
Related posts:
100 Bitcoin ATMs will arrive in Spain in the next three months
NSA’s Prism Could Cost Global IT Service Market $180 Billion
Bitcoin Trade Group Bites Back at California
Bitcoin’s Big Year and Uncertain Future
Iraq orders French oil firm to stop dealing with Kurds
French officials furious at Economist "time-bomb" taunt
Mississippi to lure French tax dodgers?
Plutonium went missing in San Antonio, but the government says nothing
UN group warns of ‘significant’ cybersecurity vulnerabilities in mobile phone technology
California’s biggest community college loses accreditation
Coal to Fill China's Nuclear Gap
Spy-spotter: joke about scary visit came true
Homeland Security must disclose ‘Internet Kill Switch,’ court rules
Amazon.com gets $252 million tax bill from France
Taxpayers spent $1.4 billion on Obama family last year, perks questioned in new book