Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

October 23, 2025/
Spread the love

By Jim Talamonti | The Center Square
The Center Square

Pritzker praises credit upgrade

Moody’s Investors Service has upgraded Illinois’ credit rating to A2 for the state’s general obligation bonds.

Gov. J.B. Pritzker celebrated the news, saying it reflected the state’s continued commitment to growing the economy and maintaining fiscal stability.

News of the upgrade comes exactly one month after Pritzker ordered state agencies to identify efficiencies and reductions.

Cook County approves $20M quantum grant

The Cook County Board of Commissioners have approved a $20 million grant to the University of Illinois Board of Trustees to fund costs associated with the purchase and installation of a cryogenic facility at PsiQuantum, the anchor tenant of the Illinois Quantum and Microelectronics Park.

PsiQuantum has received hundreds of millions of dollars in tax incentives from Illinois, Cook County and city of Chicago governments.

Building initiative applications open

The Illinois Housing Development Authority and the Local Initiatives Support Corporation announced that individuals may now apply to be part of the 2026 class of the Next Gen Capacity Building Initiative.

The program is designed for emerging developers to gain knowledge in the Low-Income Housing Tax Credit industry. Next Gen applications will be accepted through Dec. 4.

Leave a Comment





Latest News Stories

Congress faces govt. shutdown date, health care bills, Epstein on return

Congress faces govt. shutdown date, health care bills, Epstein on return

By Thérèse BoudreauxThe Center Square Congress faces a mountain of political challenges when it resumes session next week, including a potential government shutdown, a health care affordability crisis, and the...
U.S. Senate races will decide balance of Congress in 2026

U.S. Senate races will decide balance of Congress in 2026

By Andrew RiceThe Center Square The U.S. Senate could see a major shakeup in 2026 as Democrats and Republicans battle for control of Congress. In 2024, Republicans flipped the U.S....
9th Circuit rules against ban on open carry of firearms in most California counties

9th Circuit rules against ban on open carry of firearms in most California counties

By Dave MasonThe Center Square The U.S. Court of Appeals for the 9th Circuit Friday ruled against California’s ban on open carry of firearms in most counties. The San Francisco-based...
Trump: 'Illinois is worse' as HHS enforces verification for child care funding

Trump: ‘Illinois is worse’ as HHS enforces verification for child care funding

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) - The U.S. Department of Health and Human Services says states will not receive matching child-care funds until...
Illinois quick hits: 700,000 customers' health information potentially exposed

Illinois quick hits: 700,000 customers’ health information potentially exposed

By The Center SquareThe Center Square IDHS announces health information potentially exposed Protected health information for more than 700,000 customers of rehabilitation services and Medicaid and Medicare savings programs may...
Trump vetoes bill easing repayment for Colorado pipeline

Trump vetoes bill easing repayment for Colorado pipeline

By Elyse ApelThe Center Square President Donald Trump issued the first vetoes of his second term Tuesday, blocking two bills that would have provided additional support for infrastructure projects in...
Islamic civil rights group says nothing about civil unrest in Iran

Islamic civil rights group says nothing about civil unrest in Iran

By Johnny EdwardsThe Center Square America’s largest Muslim advocacy group speaks out regularly about Israel’s alleged abuses in Gaza. But it has yet to say anything about ongoing human rights...
Ohio debate over potential child care facility fraud heats up

Ohio debate over potential child care facility fraud heats up

By J.D. DavidsonThe Center Square The debate over taxpayer-funded child care facilities across Ohio has intensified since State Rep. Josh Williams, R-Sylvania Township, called for an investigation earlier this week....
As Illinois ends grocery tax locals can replace, food inflation debate continues

As Illinois ends grocery tax locals can replace, food inflation debate continues

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois congressman’s warning that Americans are paying more for groceries is drawing pushback from economists...
North Carolina NYE terror attack foiled by FBI, several police departments

North Carolina NYE terror attack foiled by FBI, several police departments

By Morgan SweeneyThe Center Square The FBI and several police departments foiled another New Year’s Eve terror plot, this time in North Carolina, officials announced on Friday. The FBI apprehended...
Chief Lemming

Beecher bids farewell to Chief Lemming following retirement

BEECHER – The Village of Beecher is officially bidding farewell to Police Chief Lemming, who retired effective New Year’s Eve following four and a half years of service to the community....
DeWine defends fraud safeguards at Ohio child care facilities

DeWine defends fraud safeguards at Ohio child care facilities

By J.D. DavidsonThe Center Square Ohio Gov. Mike DeWine is defending the state’s child care spending, saying longtime safeguards are in place that help prevent widespread fraud uncovered in Minnesota....
Illinois quick hits: State keeps more tax revenue, locals get less

Illinois quick hits: State keeps more tax revenue, locals get less

By Jim Talamonti | The Center SquareThe Center Square State keeps more tax revenue, locals get less Across Illinois, local governments have lost more than $10.9 billion in state income...
Frankfort School District 157-C.1

Frankfort School District 157-C Proposes $41.6 Million Tax Levy

Frankfort School District 157-C Meeting | Nov. 2025 Article Summary: The Frankfort School District 157-C Board of Education reviewed a tentative property tax levy for 2025, projecting a 4.39% increase...
U.S. House vote on employee bargaining met with ‘political theater’ criticism

U.S. House vote on employee bargaining met with ‘political theater’ criticism

By Catrina Barker | The Center Square contributorThe Center Square )The Center Square) – An Illinois congressman praised a vote to restore collective bargaining for over one million federal workers...