borrowing

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 lawmakers and Governor Bruce Rauner have yet to approve funding for K through 12 schools with the new academic year just over two months away.