Springfield, IL  (CAPITOL CITY NOW) – Illinois bond ratings are improving. Moody’s Analytics changed its outlook on the bonds from “stable” to “positive” Tuesday. Comptroller Susana Mendoza says bond rating agencies notice when the state puts more money toward the Rainy Day Fund and the Pension Stabilization Fund.

“I thank the General Assembly and Governor Pritzker for keeping their focus on responsible budgeting and I urge legislators to support my Rainy Day bill, HB2551, which would require the state going forward to make regular deposits into the Rainy Day and Pension Stabilization funds,” said Mendoza.

She adds the state has had nine consecutive credit upgrades, and better ratings from the bond rating agencies mean lower costs for Illinois taxpayers on infrastructure projects like roads and bridges.