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Mount Carmel announces S&P upgrade to A+; pool foundation reports large donations
Summary
City officials told the council S&P upgraded Mount Carmel’s bond rating to A+ and the Macarthur Pool Foundation received an $80,000 commitment, with additional large donations pending; naming-rights terms were discussed but figures in the record were inconsistent.
Mount Carmel City officials reported an improved S&P bond rating and ongoing fundraising for the Macarthur Pool Foundation during regular reports.
Speaker 3 told the council the city’s bond rating with S&P was raised from A- to A+. "Our new bond rating was released Friday to the public, and we are an A-plus," Speaker 3 said, and he congratulated council and staff. Officials described the rating upgrade as significant for a Southern Illinois municipality.
During the same reports, Speaker 3 summarized a naming-rights campaign for the Macarthur Pool Foundation and said the city just received an $80,000 commitment with other larger donations pending. The discussion included multiple references to payment options and a 10-year term; the transcript contains inconsistent numeric statements about whether the figure was $150,000 up front or $1.5 million payable over 10 years. City staff said they will provide formal details when available.
The items were presented under "reports and communications" and did not require council action on the record. Council members praised the donors and noted the positive implications of the bond-rating upgrade for future financing.
