SPRINGFIELD - The same day Moody's downgraded Chicago's credit rating - making it only thee notches above junk-bond status - Speaker of the House Mike Madigan called for the state's taxpayers to put up $100 million to boost efforts to land the Obama presidential library.
The speaker joined fellow Democratic State Rep. Monique Davis in introducing legislation to make the construction money available as a way to lure the library to Chicago.
“Chicago is where the president got his start in public service as a community organizer and as a state senator,” Madigan said in a statement. “Housing his library and museum in the city and state where his impressive career took root is the right thing to do.”
Madigan, who is also the chairman of the Illinois Democratic Party said, “It’s important that we make a strong financial commitment to honor the legacy of one of Illinois’ favorite sons and the first African-American president of the United States.”