(AP) — A bond rating firm has downgraded Chicago’s bond rating, citing the city’s weakened financial flexibility and reduced tax revenue. Fitch Ratings on Thursday reduced Chicago’s $6.8 billion in outstanding general obligation bonds from AA-plus to AA, which means millions of dollars will be added to the cost of borrowing by the city. The action by Fitch comes as the city faces a record,$654.7 million budget shortfall next year.
Mommy In Chief
His voice is so smooth.Read More
With Father’s Day right around the corner, we couldn’t pass up the opportunity to chat with some celebrity dads about what that day means to them.Read More
Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN