WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Governor Quinn Interested in Refinancing for Overdue Bills

Governor Quinn Interested in Refinancing for Overdue Bills

By The Associated Press

CHICAGO (AP) - Pat Quinn's budget director says the governor wants to work with lawmakers on a refinancing plan to pay down some of the state's $8 billion in overdue bills.  Jerry Stermer told the House Revenue and Finance Committee Thursday that Quinn in the coming weeks will present lawmakers with a proposal for refinancing some of that debt.  

The governor's office later suggested Stermer overstated the progress and said there was no new plan in the works. Quinn's office says the governor is interested in working with the General Assembly on the issue.  As part of its massive budget quandary, Illinois has been months late on bills, forcing many nonprofit agencies that do work for the state to fire staff, borrow money and delay paying salaries.

See other LocalNews news:

Rain Holds Off and Large Crowd Watches Kinmundy Homecoming Parade
Carmi Woman Spends Day Trapped in Mud
Wrong Way Crash on I-70 Kills Shobonier Woman
Missed T-Intersection Results in Injury to Odin Driver
Governor Quinn to Live on Minimum Wage for Week




Loyal Listener Club

Club Login

Follow Us At

This Site logo