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Topinka: Continued delay will cost Illinois

Posted by Admin On August - 30 - 2012

Comptroller responds to bond rating announcement


SPRINGFIELD , IL –  Illinois Comptroller Judy Baar Topinka released the following statement in response to Standard & Poor’s lowering of the state’s bond rating:

“Today’s disappointing announcement by Standard & Poor’s further highlights the importance of addressing Illinois’ massive fiscal challenges. As Chief Fiscal Officer, I cannot stress how imperative it is that the Governor, Labor and Legislative leaders come to the table to address these problems.  Standard & Poor’s has provided yet another cautionary note that cannot be ignored, and Illinois has a responsibility to hear the message being sent. ”

“The rating agencies have made it clear that continued delay will trigger another downgrade. We cannot afford that – it is time to set aside the posturing and get this done.”

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