City of Rockford

City of Rockford

Rockford aldermen voted in favor of a plan to secure funding for the Barber-Colman industrial campus. 

Moody's Downgrades Rockford Bond Rating

Jul 11, 2017
Moody's

Moody’s Investor Service downgraded Rockford’s debt rating from A1 to A2.

The group says the downgrade reflects the city’s high pension burden, as well as greater operating costs and a limited ability to raise revenue. The Rockford Register Star reports city officials say the lack of home rule authority limits the ability to raise such revenue. The lower rating likely will increase overall borrowing costs.

The Belvidere School District will open a health and wellness center for its employees July 10 in a district building at Sixth Street and East Avenue.  

It will be operated by Activate Healthcare and provide several services to employees who accept the district's insurance program, the Rockford Register Star reports.

Unlimited primary care services, annual health assessments, health coaching, and generic medications are included at no cost. 

City of Rockford

Rockford aldermen delayed a vote on approving fee waivers for MercyHealth totaling about $200,000.  

The fees normally would go toward inspecting sidewalks, roads and infrastructure around the healthcare company's Women and Children’s Hospital and Medical Center on Riverside Boulevard.  It's part of an annexation agreement between the City of Rockford and MercyHealth, which capped building permit fees at $900,000, according to the Register Star.  

HUD

Rockford has reached a settlement with the U.S. Department of Housing and Urban Development over potential Civil Rights Act violations.

Federal authorities launched an investigation in November 2015, when Rockford debated a plan to replace Fairgrounds Valley housing units with The Grove at Keith Creek, an 65-unit affordable housing development on South New Towne Drive.

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