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Illinois' credit rating was recently reduced to BBB from BBB+ by S&P Global Ratings, increasing interest on its borrowing and lowering the value of its bonds.
Mike Amrozowicz, the Republican candidate for the District 31 state Senate seat, considers this to be a real black eye for the state.
The future of Illinois may be a little bleaker than expected if a report regarding its deficit holds solid ground. According to the Center for Tax and Budget Accountability, a supposed carry-forward deficit from last year may cause the deficit for fiscal year 2017 to rise to as high as $16 billion, double what was previously calculated.
Amrozowicz said a solution to this deficit is to cut spending and grow the economy.