Disaster in governance
To the Editor:
McHenry County government has been a model that other counties in Illinois have attempted to emulate. With a bond rating of Aaa, the highest possible, taxpayers save with lowest-available interest rates for improvement projects.
Illinois, however, has a bond rating of A; only California has a lower rating. The most recent downgrade for Illinois is estimated to cost taxpayers an additional $1.5 million for every $100 million borrowed.
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