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Foellinger Auditorium at the University of Illinois' Urbana campus
Wikimedia Commons

News Local/State

State Universities Earn Credit Rating ‘Review’

In week in which two rating agencies lowered Illinois' bond rating during a state budget impasse, Moody's Investors Services says it will review the credit worthiness of seven state schools, including the University of Illinois, Eastern Illinois University, and Illinois State University.

Entrance to Champaign Central High School.
Landmarks Illinois

News Local/State

Unit 4 Committee Wants Central HS Renovated

Thursday marked the last meeting of the Champaign Unit 4 Tier 2 Facilities Committee, which unanimously agreed that Central High School should remain on site and expand, rather than be torn down and rebuilt. The panel didn't endorse a specific financial package for a fall bond issue that would also include additions at Centennial High School, and work on as many as four other school district buildings. 

In this Tuesday, May 31, 2016 photo, Illinois lawmakers press ahead on the last day of the spring legislative session inside the Illinois State Capitol in Springfield.
Seth Perlman/Assocated Press

News Local/State

Moody’s Lowers Illinois’ Credit Rating Over Budget Impasse

Moody's Investors Services has lowered the state's credit rating another level, to Baa2, two levels above "junk" status, citing the "political gridlock" that's blocked Illinois from having a budget for more than a year. Gov. Bruce Rauner says this news "underscores the need for real structural changes to repair the years of unbalanced budgets and deficit spending by the majority party on Illinois’ finances."