Illinois Comptroller Breathes Sigh Of Relief Over Non-Downgrade 

(Springfield, IL)  —  The woman who pays Illinois’ bills is happy to see the state’s credit rating stay where is it. Standard and Poor’s yesterday said Illinois’ new state budget, and the five billion-dollar tax increase that fuels it, is enough to stave off a credit downgrade. Comptroller Susana Mendoza yesterday said the state’s recent tax increase is a step in the right direction and sends a message to the markets that they can “be confident the state will meet its obligations on debt service and pensions.”