Local News

Rauner Says "No" to Mendoza and Frerichs Push to Borrow

Gov. Bruce Rauner is rejecting calls from Democrats like Treasurer Michael Frerichs and Comptroller Susana Mendoza to turn to borrowing to reduce the state's $14.4 billion dollar backlog of overdue bills. Rauner says the state should not seek more credit. Mendoza and Frerichs both called for selling up to $6 billion in bonds. Mendoza says borrowing could kill two birds with one stone.



Mendoza says bonds can be paid back at a lower interest rate than the current 12 percent interest rate the state is paying on its overdue debt.. 

Townhall Top of the Hour News

Weather - Sponsored By:

TAYLORVILLE WEATHER

Local News

Facebook Feed - Sponsored By: