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Illinois Democrats praise final passage of $1.9 trillion federal spending plan


Normal, IL, USA / www.cities929.com
Mar 10, 2021 2:13 PM
(The Center Square) – Federal taxpayers are set to send more than $10 billion to Illinois with a measure the U.S. House passed Wednesday.
President Joe Biden is expected to sign the measure.
“Thank you, members of the U.S. Congress and the U.S. Senate, for responding to the needs of America to survive COVID-19,” Illinois Comptroller Susana Mendoza said in a statement. “This financial relief is needed in Illinois to pay back billions of dollars we borrowed from the federal reserve that allowed us to cover the state’s health care bills as we fight our way through this pandemic.” ....

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Illinois Owes $1 billion on Borrowing from Last Year, Plans to Borrow More


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.” ....

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Illinois owes $1 billion on borrowing from last year, Pritzker plans to borrow billions more next week


Normal, IL, USA / www.cities929.com
Dec 10, 2020 1:25 PM
(The Center Square) – 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.” ....

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