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Two of the “Big Three” bond-rating agencies have
endorsed Elgin’s 2012 budget and the restructuring of the city’s revenue streams to make them more diverse. (Illustration/Ted Schnell • BocaJump) |
By Ted Schnell • BocaJump | Saturday, June 16, 2012
A long-anticipated comprehensive evaluation of Elgin’s finances in 2011 refutes criticisms of the city’s handling of its economic crisis heading into 2012, and while skeptics may try to dismiss the report’s assessment, two of the world’s financial powerhouses have not.
