Dems still eyeing loans to pay down $9B in bills
SPRINGFIELD – Despite repeated failures, Democrats again are considering a multibillion-dollar loan to pay down the state’s backlog of past-due bills, now hovering at a near-record $9 billion.
Republicans, led by State Comptroller Judy Baar Topinka, continue to resist the short-term loan idea as a way for Illinois to pay down stacks of invoices overdue by as much as four months to businesses, charities and local governments performing some of the state’s most essential services.
But an influential Senate Democrat, John Sullivan, is working on a borrowing proposal to reintroduce in this spring’s legislative session. A House budget leader, Rep. Frank Mautino, said a loan would mean “tremendous” savings and should be part of upcoming budget negotiations with Gov. Pat Quinn.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at firstname.lastname@example.org