Comptroller Mendoza Blasts Governor For Not Refinancing Debt
(Springfield, IL) — The woman who pays Illinois’ bills says the governor is costing taxpayers millions of dollars in extra interest. Comptroller Susana Mendoza yesterday said lawmakers approved up to six billion-dollars in borrowing as part of the new state budget, but Governor Rauner has not given the green light. Mendoza said the money could pay down some Illinois’ nearly 15 billion-dollar backlog of bills and then save the state millions in late payment interest. Mendoza said it’s like refinancing your mortgage to take advantage of a better interest rate.
Benjamin Yount/acb IL)
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