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Illinois sees sixth credit upgrade in one year thanks to responsible spending by Senate Democrats

Details
Category: Senator Elgie R. Sims Jr. News
Friday, May 06, 2022 03:14 PM
  • Budget
  • Sims
  • Credit Report
  • Bond Rating Upgrades

credit upgrade1

 

SPRINGFIELD – For the third time in recent weeks and sixth time in under a year, Illinois saw new credit boost thanks to responsible spending plans spearheaded by Illinois Senate Democrats.

“When I look at the budget we passed last month, I see the work and years of fiscal responsibility paying off. We were able to pay down our bills and put money back in the pockets of the state’s hardworking families,” said State Senator Elgie R. Sims, Jr. (D-Chicago), the Senate’s lead budget negotiator and Chair of the Senate Appropriations Committee. “Illinois is a stand-out state when it comes to putting the needs of our residents first – and we do so in a responsible, equitable way.”

Fitch Ratings on Thursday raised the state’s rating for general obligation bonds two notches. S&P Global Ratings on Friday upgraded the state’s rating two notches as well. Meanwhile, just weeks ago, Moody's Investors Service raised the rating as well – leading Illinois to receive two-notch bond rating upgrades from all three major credit rating agencies in the last year.

Read more: Illinois sees sixth credit upgrade in one year thanks to responsible spending by Senate Democrats

Castro welcomes over $2.5 million in small business relief to community

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Category: Senator Cristina Castro News
Friday, May 06, 2022 02:59 PM
  • Castro
  • Small Business
  • Back 2 Business
  • Local Businesses
  • Financial Relief

Store open sign 050622

 

ELGIN – The last round of Back to Business grants have been awarded, and State Senator Cristina Castro is pleased to see this small business assistance coming to Cook and Kane counties.

“Our businesses have shown such resiliency throughout this pandemic,” said Castro (D-Elgin). “The Back to Business grant program was vital for keeping the doors of restaurants and local shops open through the tough two years of the COVID-19 pandemic.”

More than $2.5 million was awarded to dozens of businesses in the district Castro represents. The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated to them by the American Rescue Plan through last year’s state budget.

Read more: Castro welcomes over $2.5 million in small business relief to community

Northwest Suburban businesses receive $1.9 million with strong support from Gillespie

Details
Category: Senator Ann Gillespie News
Friday, May 06, 2022 02:51 PM
  • Gillespie
  • Small Business
  • Back 2 Business
  • Financial Relief

Small takeout business

 

ARLINGTON HEIGHTS – Fifty businesses in the Northwest Suburbs were awarded a total of $1.9 million in funding from the Back to Business program thanks to advocacy and support from State Senator Ann Gillespie.

“Our small business community demonstrated remarkable resilience during the past few years, many finding creative ways to keep their doors open during the pandemic,” said Gillespie (D-Arlington Heights). “Local businesses are deserving of this funding to continue getting back on their feet after these unprecedented times.”

A total of $1.9 million was awarded to 50 businesses in the 27th District. The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated to them by the American Rescue Plan through last year’s state budget.

Read more: Northwest Suburban businesses receive $1.9 million with strong support from Gillespie

Villanueva urges homeowners to apply for financial assistance

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Category: Senator Celina Villanueva News
Friday, May 06, 2022 01:18 PM
  • Villanueva
  • Financial Relief
  • Illinois Homeowners
  • Illinois Homeowner Assistance Fund

House Sidewalk - 050622

 

CHICAGO – State Senator Celina Villanueva is encouraging local homeowners to take advantage of assistance offered by the Illinois Homeowner Assistance Fund.

“This is a resource that will keep our community members in their homes by helping them avoid debt and even foreclosure in extreme cases,” said Villanueva (D-Chicago). “I encourage all eligible homeowners to apply for this opportunity and receive the support they need.”

The ILHAF program is providing free assistance of up to $30,000 to homeowners who have outstanding housing payments due to the COVID-19 pandemic. This relief is meant to cover the costs of past-due mortgage payments, property taxes, property insurance and other late expenses. Applications will be accepted until 11:59 p.m. on Tuesday, May 31.

Read more: Villanueva urges homeowners to apply for financial assistance

Belt urges Metro East residents to take advantage of new FOID, CCL kiosk

Details
Category: Senator Christopher Belt News
Friday, May 06, 2022 01:16 PM
  • Belt
  • Illinois State Police
  • FOID
  • Concealed Carry License

Senator Belt

 

EAST ST. LOUIS – State Senator Christopher Belt announced the opening of a kiosk in the Illinois State Police District 11 headquarters located in Collinsville to help Metro East residents apply and update their Firearm Owners Identification card and Concealed Carry License.

“The General Assembly, along with the Illinois State Police, has worked to better the FOID and CCL process for people,” said Belt (D-Swansea). “The application backlogs have been eliminated, lessening the time applicants have to wait for their cards.” 

The Illinois State Police opened its fourth FOID Kiosk to help people apply for and update their FOID card and CCL. The Metro East now has a kiosk located in District 11 headquarters to assist individuals without access to online devices or who are experiencing difficulties online. Illinois residents can visit one of four kiosks across the state to receive one-on-one assistance.

Read more: Belt urges Metro East residents to take advantage of new FOID, CCL kiosk

Southwest Side and Southwest Suburban small businesses receive $3.2 million

Details
Category: Senator Bill Cunningham News
Friday, May 06, 2022 01:11 PM
  • Cunningham
  • Small Business
  • Back 2 Business
  • Local Businesses
  • Financial Relief

Senator Cunningham

 

CHICAGO – Over 100 businesses on the Southwest Side and Southwest Suburbs were awarded more than $3.2 million in funding from the Back to Business program thanks to advocacy and support from State Senator Bill Cunningham, and State Representatives Fran Hurley and Kelly Burke. 

“After passing a fiscally responsible budget, I am thrilled to see new investment in our small business community,” said Cunningham, a Democrat who represents portions of Chicago and the southwest suburbs.

A total of $3.21 million was awarded to 106 businesses in the 18th Senate District. The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated to them by the American Rescue Plan through last year’s state budget.

Read more: Southwest Side and Southwest Suburban small businesses receive $3.2 million

Martwick honors fallen police officers at Springfield ceremony

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Category: Senator Robert Martwick News
Friday, May 06, 2022 12:48 PM
  • Martwick
  • Police
  • Annual Police Memorial
  • Springfield

Senator Martwick, Police memorial

 

SPRINGFIELD –  State Senator Robert Martwick paid his respect to police officers who have fallen in the line of duty during this year’s Illinois Police Officers Memorial Ceremony in Springfield Thursday.

“This ceremony is a small gesture to pay our respects to the men and women who have made the ultimate sacrifice to keep us safe,” said Martwick (D-Chicago). “I am honored to have been able to attend this ceremony alongside police officers and their families to reflect on the bravery of those who have given their lives to keep our communities safe and to stand in support of their families during this difficult time.”

The monument in Springfield, located on the west lawn of the State Capitol, bears the names of the officers who made the ultimate sacrifice while serving their communities. It was first dedicated in 1990, and a ceremony is held each year to pay tribute to fallen officers and their families. The names of every officer who died while serving during the previous year are engraved in the monument leading up to the ceremony.

Read more: Martwick honors fallen police officers at Springfield ceremony

Small businesses see relief thanks to Loughran Cappel

Details
Category: Senator Meg Loughran Cappel News
Thursday, May 05, 2022 03:49 PM
  • Small Business
  • Kendall County
  • Will County
  • Loughran Cappel
  • Back 2 Business

sign business open 5 5 22

 

JOLIET – Over 50 businesses across Will and Kendall Counties were awarded a combined $1.8 million in funding from the Back to Business program thanks to advocacy and support from State Senator Meg Loughran Cappel.

“Small businesses bring so much life to our community and programs like Back to Business have been vital in helping them get back on their feet,” said Loughran Cappel (D-Shorewood). “I’m pleased to see so many businesses take advantage of this wonderful opportunity.”

A total of $1.8 million was awarded to 56 businesses in the 49th District. The B2B grants are awarded by the Illinois Department of Commerce and Economic Opportunity using funds allocated to them by the American Rescue Plan through last year’s state budget.

Read more: Small businesses see relief thanks to Loughran Cappel

More Articles …

  1. Illinois Senate Democrats applaud new law that will strengthen pensions and save taxpayer money
  2. Ellman, Glowiak Hilton and Villa bring more than $21 million to DuPage County for water reclamation
  3. Munoz attends Police Memorial in Springfield to honor fallen officers
  4. Sims on improved bond ratings: Our responsible spending model is working
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