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The Bond Buyer: Illinois’ proposed budget draws positive words from rating agencies

02/03/2022

“Building up the rainy-day fund is sensible, but most would want to see the cushion increased even more,” said Tom Kozlik, head of municipal research and analytics at HilltopSecurities Inc. “There is still a very meaningful backlog of unpaid bills — states that are fiscally balanced do not find themselves in a situation such as this.”

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