WBGZ Radio 12/12/2020 | By Greg Bishop - Illinois Radio Network Illinois has paid back only $200 million of a $1.2 billion loan to bridge last year’s spending plan and the state plans to borrow billions more next week. During a Restore Illinois Collaborative Commission hearing this week, state Rep. Dan Caulkins, R-Decatur, asked Governor’s Office of Management and Budget Director Alexis Sturm about the recent borrowing. “We did borrow [$1.2 billion] to close out Fiscal Year ‘20, that was built into the budget to repay that,” Sturm said. “The borrowing that we are doing next week is going to be repaid over three years.”