Thumbsdown: Now you tell us 

Standard & Poor’s announced Monday that Indianapolis’ overall credit rating has been upgraded to Triple A. S&P said the new, improved rating reflects “the return to a structurally balanced budget and the plan to fund the city’s unfunded pension liability.” A Triple A rating means lower bills for taxpayers on capital projects and improvements because it allows the city to borrow money at lower rates. Looks like Peterson’s income tax increase might not have been a bad idea; too bad we didn’t know about this a week ago.

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