Illinois Governor Rauner: Issues $6 Billion in Securities for Unpaid State Deficit

Rauner authorizes $6B in borrowing to pay down state debt By Tim Shelley   Sep 07, 2017 Gov. Bruce Rauner is issuing $6 billion in bonds to pay down a portion of the state’s more than $15 billion stack of unpaid bills. “Illinois has been deficit spending for many years, resulting in a huge unpaid bill backlog. The state has been, in effect, borrowing from local service providers, including nonprofits and small businesses, because it takes months for them to get paid,” Rauner said. Continue reading at… Source – Week.com *** Illinois Officials Push Governor Rauner to Sell Bonds to...

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