SPRINGFIELD, Ill. (AP) - A major credit-rating house has taken a more positive outlook on Illinois debt than it has in years after last week's pension-reform vote.
Standard & Poor's affirmed its A- rating on state debt backed by general tax revenue Tuesday but revised its outlook from "negative" to "developing."
The ratings agency says "developing" means the rating could be raised or lowered in the next two years. Analyst Robin Prunty says the change is positive but risk remains because workers unions will likely sue over the pension law Gov. Pat Quinn signed Thursday.
The law reduces state workers' contributions to pensions but cuts their benefits in a 30-year plan to erase a $100 billion retirement-account deficit.
Quinn promised in a statement it would be the "first of many positive developments" for Illinois.
St. Louis County Police sounding another scam alert.
This time, criminals are targeting Ameren customers. The thieves are calling customers and demanding payment of their bill or they could have their power disconnected. The criminals insist on payment by a Green Dot MoneyPak card. Police say this is tricky, because as soon as you give a thief the PIN number on the card, your money is gone.
Ameren wants to remind customers, they will never demand payment over phone and do not ask for personal information such as a Social Security or bank account number.
If you suspect someone is impersonating an Ameren Missouri employee, end the conversation and immediately call Ameren Missouri, 1.800.552.7583.
ST. LOUIS (AP) - Missouri Gov. Jay Nixon chose a monument to the space race manufacturing boon as a backdrop to sign into law a $1.7 billion tax incentive package to lure aerospace giant Boeing to the state.
The governor endorsed the tax breaks for production of the company's 777X jetliner Tuesday morning at a bill signing ceremony at the James S. McDonnell Planetarium in St. Louis' Forest Park.
More than 100 civic and business leaders joined Nixon, hours before Boeing's self-imposed deadline for offers from eager local and state governments across the country. The presumed manufacturing site is on the edge of Lambert St. Louis International Airport.
The tax credits are worth up to $150 million annually over 23 years if Boeing meets its target of 8,000 new jobs.
ST. LOUIS (AP) - A state panel says that former St. Louis mayor Freeman Bosley can expect to face disciplinary action from the Missouri Supreme Court for mishandling clients' legal fees.
The St. Louis Post-Dispatch reports that Bosley acknowledged improper financial practices at his law firm during a Monday hearing of the court's Office of Chief Disciplinary Counsel .
The state alleges Bosley combined his own money with clients' funds, used trust-account money to pay personal expenses and failed to keep accurate records. The state investigation shows Bosley may owe about $6,250 to third-party health care providers.
The disciplinary panel's punishment options include reprimand, probation, suspension and disbarment.
Bosley was St. Louis' first black mayor, elected in 1993. He lost a 1997 re-election bid and went into private law practice.