Gabriel Petek

frowning piggy bank
Carter Staley / NPR Illinois

A new report says Illinois state government is at “elevated risk” in the event of an economic downturn.

Capitol in fog
Amanda Vinicky / NPR Illinois

As Illinois lawmakers try to pass a state budget by Thursday, credit rating agencies say they’re less focused on the timing of a spending plan than they were a year ago.

Digging a hole. A really deep hole.
David Stillman / Flickr.com/stilldavid (CC-BY-NC)

Gov. Bruce Rauner will make his annual budget address to the Illinois General Assembly this Wednesday. It comes as state government has gone more than 19 months without a real budget.

That’s led the financial experts at credit rating agencies to issue a series of downgrades and dire assessments. The latest is called "For Illinois, Having a Plan Beats No Plan." It comes from S&P Global Ratings, where Gabriel Petek analyzes state governments.