Comment on Rauner borrows $1.5 billion toward paying down Illinois' unpaid bill pile

Rauner borrows $1.5 billion toward paying down Illinois' unpaid bill pile

Gov. Bruce Rauner’s administration borrowed $1.5 billion on the bond market Tuesday as part of a larger plan to whittle away at the state’s about $16 billion pile of unpaid bills and save money on interest costs. The state received an overall interest rate of 3.5 percent on the bonds.

 

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