Illinois Comptroller Judy Baar Topinka on Wednesday released the following statement in response to Standard & Poor's lowering of the state's bond rating:
"Today's disappointing announcement by Standard & Poor's further highlights the importance of addressing Illinois' massive fiscal challenges. As chief fiscal officer, I cannot stress how imperative it is that the Governor, Labor and Legislative leaders come to the table to address these problems. Standard & Poor's has provided yet another cautionary note that cannot be ignored, and Illinois has a responsibility to hear the message being sent. "
"The rating agencies have made it clear that continued delay will trigger another downgrade. We cannot afford that – it is time to set aside the posturing and get this done."