Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant
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.
Mostly Sunny
Latest News Stories
$55.9 billion budget includes new taxes, ‘no property tax relief’
Illinois to require bell-to-bell student phone ban in public schools
Election 2026: Stumps heavy with economy, crime in U.S. Senate race
Quintuple fatal in Virginia renews focus on English language in CDL licensures
Everyday Economics: Jobs report to test how long consumers can keep carrying economy
Congress returns to backlog of must-pass legislation
Climate science without a notorious worst-case scenario
Illinois Quick Hits: Housing, megaprojects take backseat to budget talks
Taxpayer watchdog calls for accountability after helicopter prom controversy
Proposed $250 bill could be a boon for drug cartels, experts warn
Iowa voters head to the polls for fierce races
Frankfort 157-C Considers Five-Minute Public Comment Limit for Smaller Crowds
