Quinn Wants to Borrow Billions
(Chicago Sun Times) — Gov. Quinn wants to borrow billions of dollars to pay down the state’s operating and pension deficits, a proposal some lawmakers say faces an uphill battle when they return to Springfield Jan. 3 for the lame-duck legislative session. The governor is considering borrowing $15 billion to balance the state’s largest ever budget deficit — currently at more than $12 billion, and projected to reach by June 30 the amount the governor reportedly wants to borrow.
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