Sims celebrates state’s 10th credit upgrade

SPRINGFIELD – For the 10^th time in less than five years, Illinois has seen another improved bond rating. Moody’s Investors Service – one of the nation’s major rating agencies – announced upgrades Thursday thanks to the fiscally responsible decisions made by state democrats. 

State Senator Elgie R. Sims Jr. – the Senate Appropriations Committee Chair and Majority Caucus Appropriations Leader – released the following statement:

“The 10^th rating upgrade is yet another sign the years of fiscal discipline and responsibility from the General Assembly is paying off. In recent years, we have been able to put money back in the pockets of the state’s hardworking families, provide funding for the people who need the most help and pay down the state’s bill backlog – all while dealing with economic uncertainty created by a hostile federal government. Illinois is a standout state when it comes to putting the needs of our residents first, and we do so in a responsible and equitable way.

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A group of Senate transit leaders release statement highlighting legislation to fix and fund public transit in Illinois

A group of Senate transit leaders release statement highlighting legislation to fix and fund public transit in Illinois

SPRINGFIELD ─ As public transportation systems across Illinois approach a fiscal cliff in 2026, threats of cuts to service and layoffs of transit workers continue to loom as they await funding and reforms from the Illinois General Assembly. 

State Senators Mattie Hunter, Omar Aquino, Robert Peters, Celina Villanueva, Adriane Johnson and Graciela Guzmán have been at the forefront leading legislation to tackle the fiscal cliff and longstanding transit issues through legislation.

The aforementioned members released the following statement to address the need to fix and fund public transit:

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Illinois Senate Democrats celebrate new quantum hub on Chicago’s South Side

CHICAGO – Illinois Senate Democrats joined Governor JB Pritzker and leading quantum institutions today to celebrate the groundbreaking of PsiQuantum’s facility at Illinois Quantum and Microelectronics Park at Quantum Shore on Chicago’s South Side – marking the start of building state-of-the-art facilities that will make the Park fully operational and Illinois a leader in the global race for quantum technology.

“With this partnership, Illinois is at the forefront of a technological innovation that has the potential to change our lives for the better,” said Senate President Don Harmon (D-Oak Park). “I want to commend Governor Pritzker and his team for positioning our state to be a leader in quantum technology. This Quantum Park will create jobs, boost our economy and send a message to the world that Illinois is a great place to do business, now and in the future.”

The IQMP is a first-of-its-kind park designed to support the growth of quantum technology and advanced microelectronics research. It aims to bring together companies, researchers, suppliers and other partners to progress the development of quantum both in Illinois and globally. These technologies have the potential to tackle some of the world’s biggest challenges, such as improving health care, energy, the climate crises, transportation, finance and agriculture.

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Edly-Allen highlights success of SmartBuy Program, reducing student debt and increasing housing accessibility

GRAYSLAKE – With almost one-fifth of individuals with student loan debt being denied a mortgage due to their debt-to-income ratio, State Senator Mary Edly-Allen highlighted the importance of Illinois’ SmartBuy program in increasing housing accessibility and affordability.

SmartBuy is a first-of-its-kind initiative that, through its recent round of funding, helped 533 Illinoisans eliminate $16 million in student loan debt while also achieving the dream of homeownership in only 12 weeks. Through SmartBuy, homeowners were able to purchase a home eight years earlier than traditional IHDA borrowers.

“As chair of the Senate Higher Education Committee and an educator, I’ve seen how easing student loan debt is more than financial relief — it’s the key to unlocking homeownership for a generation burdened by higher education costs,” said Edly-Allen (D- Grayslake). “The SmartBuy program will help first-time buyers achieve their homeownership dream sooner while also building a better economy for generations to come.”

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