Moody's Investment Services en Burlington Credit Rating Drops <p>Burlington has received some good news and some bad news in regards to its credit rating.</p><p> Mon, 18 Mar 2013 16:31:09 +0000 Jason Parrott 30590 at Burlington Credit Rating Drops Staff Cuts/Tax Hike in Burlington <p>It appears Burlington will have to cut staff and raise taxes to balance the city's budget for the upcoming fiscal year.<br> Thu, 07 Feb 2013 02:42:47 +0000 Jason Parrott 28471 at Staff Cuts/Tax Hike in Burlington Illinois Given Negative Credit Rating <p>Moody's Investors Services downgraded the credit outlook for the state of Illinois from stable to negative. The service cited the "severe pension funding shortfall."</p><p>Illinois Treasurer Dan Rutherford said Illinois has the worst credit rating of any state in the US.</p><p>“If this doesn't get fixed, then I would hope that those out there that look for services of their Illinois government, to understand that there will be absolutely no ability to increase or even perhaps sustain their funding level," Rutherford said.&nbsp;</p> Fri, 14 Dec 2012 23:53:42 +0000 Rich Egger 25867 at Illinois Given Negative Credit Rating Burlington Addressing Finances <p>Burlington is taking steps to get its financial house in order.</p><p> Fri, 09 Nov 2012 13:52:08 +0000 Jason Parrott 24184 at Burlington Addressing Finances