Illinois Senate rejects borrowing to pay old bills

Illinois Senate rejects borrowing to pay old bills

Illinois Senate rejects borrowing to pay old bills

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Associated Press

Posted on May 29, 2011 at 7:49 PM

Updated Sunday, May 29 at 9:13 PM

 

 

 

SPRINGFIELD, Ill. (AP) -- Illinois senators are saying "no" to more borrowing, even if it would let the state pay its overdue bills.

A plan to borrow nearly $6.2 billion failed 19-23 Sunday in the state Senate.

Democratic Sen. John Sullivan said it was important for Illinois to pay the hospitals, businesses and community groups that work for the state and don't get their money.

But Republicans said it's a mistake to pay the bills by borrowing more money. They call for spending cuts.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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