
Illinois has earned its 11th credit rating upgrade since 2021, as Moody’s Investors Service cited eight consecutive balanced budgets and responsible fiscal management in raising the state to its highest rating in nearly 15 years. The latest upgrade continues a dramatic reversal in Illinois’ financial trajectory in recent years.
“Eleven credit rating upgrades is a remarkable validation of the responsible, steady approach we have taken to Illinois’ finances,” said Senate President Don Harmon (D-Oak Park). “Eight consecutive balanced budgets have brought stability and predictability back to state government. We’ve paid our bills, built our reserves and reduced debt, all while continuing to invest in the people and priorities that make Illinois stronger. This latest upgrade is another sign that responsible budgeting pays dividends for taxpayers and puts Illinois in a stronger position for whatever challenges come next.”
Higher credit ratings allow Illinois to borrow at lower interest rates, reducing financing costs and saving taxpayer dollars.
In announcing the upgrade, Moody’s pointed to Illinois’ balanced budgets, fiscal management and stronger reserves as reasons for increased confidence in the state’s ability to manage future budget pressures.
Moody’s upgrades Illinois’ credit rating -- Capitol News Illinois
Moody’s upgrades Illinois credit rating -- Crain's Chicago Business
The Illinois Senate recently hosted former Illinois First Lady Brenda Edgar as we paid homage to her late husband, former Gov. Jim Edgar.
Mr. President, ladies and gentlemen of the Senate, and to all of our guests here today, Governor Jim Edgar's leadership, both in office and out, made our state a better place. Governor Edgar guided Illinois through difficult times and made hard decisions he believed were right, knowing not everyone would agree, and in fact, knowing quite a few people would disagree. His brand of steady, principled leadership, his intellectual consistency, is what endures.
As a Democrat, I can say this plainly, Jim Edgar was a true statesman. He believed government was a place to solve problems, not to stage them. And while his years in office are an important part of our history, his work afterward may be his most lasting legacy.
Through the Edgar Fellows Program, he invested in leaders on both sides of the aisle, teaching that respect, listening, and compromise are essential to good government. I've had an opportunity to spend time with many of the Fellows. You can see the Governor's influence in how they approach this work.
Government doesn't have to be, and should not be, a show. Mrs. Edgar, thank you for sharing your husband with the people of Illinois. My sympathies remain with your family, and I offer my deep appreciation for a life of service that made this state stronger.

Illinois Senate President Don Harmon's (D-Oak Park) statement on the passing of former House Majority Leader Barbara Flynn Currie.
“Barbara Flynn Currie was a larger-than-life figure at the Capitol and a giant in Illinois government. She was a leader, a mentor, a fighter and a bit of a character. A pragmatic progressive before such labels existed, she brought preparation and purpose to everything she did.
She was both intellectually intimidating and remarkably kind. In leadership, she was often the one to tell people no. She did it with a smile and a sparkle in her eye. Barbara had that enviable Irish gift: she could tell you to go to hell and make you look forward to the journey.
Immensely intelligent and a joy to be around, she possessed a wit few dared test and arguably none ever bested.
Those who had the privilege to work with her are forever better for having known and experienced the tour de force that was Barbara Flynn Currie.
Her influence will be felt for generations in the leaders she inspired, the trails she blazed and the stronger, more inclusive state she helped build.
We honor her life and legacy. Godspeed, Barbara Flynn Currie.”
It was a pleasure to welcome students from Southern Illinois University’s Paul Simon Public Policy Institute to the Capitol for the recent Women’s Civic Day.
This annual program highlights the important role women play in public service and helps inspire the next generation of leaders to get involved and make a difference.
https://paulsimoninstitute.siu.edu/intiatives/womens-government-day.php
Grateful for the thoughtful conversation and encouraged by the talent and commitment these students bring to Illinois’ future.
Paul Simon Public Policy Institute
Southern Illinois University Carbondale
#WomenInLeadership #NextGeneration
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