Questions swirled Wednesday around the decision by nearly 80 percent of Illinois voters to approve the “Safe Roads Amendment” to the state constitution, with Moody’s Investor’s Service calling the move “credit negative.”
Moody’s warned that the Safe Roads Amendment “cuts off the state’s ability to draw on about $3 billion in annual transportation revenue” that could help relieve “fiscal pressure” caused by hefty state pension contributions and reduced state income taxes following a January 2015 rate cut…Please click here to read Rosalind Rossi’s story in the Sun Times.
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