Gov. Rauner Moves Ahead With Borrowing Plan To Pay Vendors

Sep 7, 2017

Illinois could soon begin to tackle its massive pile of unpaid bills ... thanks to a move Thursday by Governor Bruce Rauner.

Democrats are wondering: What took so long?

Rauner is moving ahead with a bond issue — borrowing about $6 billion dollars — to immediately pay off various state vendors. The move should save Illinois hundreds of millions of dollars a year in late penalties.
But Rauner says he’s going to look for other ways to cut spending in order to pay off the bonds.

Democrats, like Rep. Greg Harris from Chicago, say they worry Rauner will target human service providers like he did during the budget stalemate.

“All his traditional targets — the epilepsy foundation, autism, teen reach, after-school programming, violence prevention — have not gotten contracts yet."

Rauner says he wants legislators back in Springfield this fall to work more on the budget and his economic agenda.