Proposal for Illinois to borrow $4B to pay bills

By: The AP
By: The AP

SPRINGFIELD, Ill. (AP) -- A state lawmaker is proposing Illinois borrow $4 billion to pay its overdue bills, saying agencies and vendors who do business with the state are in dire straits and need to be paid.

The bill from Rep. Esther Golar, a Chicago Democrat, would allow Illinois to borrow the money and use it toward bills more than a month past due as of September.

But Republican Comptroller Judy Baar Topinka said Tuesday the worst thing the state could do is take on more debt.

Topinka said her office currently has nearly 170,000 outstanding bills totaling $7.1 billion. But she said as the economy improves, the state is making progress paying down the backlog.

Golar asked for more time before the House Executive Committee votes.

------

The bill is HB6240

------

Online: http://www.ilga.gov


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 181118001 - wifr.com/a?a=181118001
Gray Television, Inc.