Bill Backlog

Illinois Governor Bruce Rauner is authorizing a major borrowing plan to pay down part of the state's nearly $15 billion dollar backlog of bills.

Lawmakers approved a state budget over Rauner’s veto earlier this summer.

That budget called for borrowing $6 billion dollars.

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?

A major bond-rating agency says Illinois' fiscal challenges linger despite approval of the first state budget in two years.

Moody's Investors Service issued a report Friday. It notes that an income tax increase approved this month will generate nearly $5 billion more a year.