Well, Missouri rates a AAA, suckas! (Huge entities like states apparently rate their own special system.)
This rating, bestowed by New York-based Fitch Ratings, praised the state for its "maintenance of budgetary balance despite revenue weakness and the expiration of stimulus funds" and "continuation of conservative fiscal and debt management policies and practices."
Because of its good credit rating, Missouri's local governments, school districts and public works programs will receive better interests rates when they want to borrow money for major projects. (States...they're just like people.) And those savings will be passed on to YOU, the taxpayer!
But oh, at what cost? Did Fitch observe Governor Jay Nixon's desperate budget-slashing earlier this month, including college scholarship programs?
Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of St. Louis and beyond.
Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.
Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep St. Louis' true free press free.