We Are One Illinois Comments on S&P Downgrade, Points to Summit as Critical Step Forward

The We Are One Illinois coalition released the following statement in response to Standard and Poor's downgrade of Illinois' bond rating:

"Today, Standard & Poor's warned lawmakers that unconstitutional pension cuts would invite ‘legal challenges’ and cause ‘several years’ of budget uncertainty. Our state's legislative leaders and governor must not ignore this call to work with our union coalition to develop a pension-funding solution that is constitutional, fair, and supported by all parties. We Are One Illinois repeats its call for a pension summit to begin such a process."