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?
Support Local Journalism.
Join the Riverfront Times Press Club
Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.
Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.
Join the Riverfront Times Club for as little as $5 a month.