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.”