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Illinois Comptroller Launches Public Push For Bond Sale

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On Monday, Illinois Comptroller Susana Mendoza released a public request, urging the governor to quickly sell up to $6 billion of bonds to help pay off overdue bills. Mendoza, a Democrat, said Illinois' bill backlog is costing residents $2 million a day in late payment penalties that can reach as much as 12 percent a year. The $36 billion fiscal 2018 budget, enacted by the legislature, included authorization to sell up to $6 billion of 12-year bonds. Mendoza's office said the new borrowing will provide some relief to service providers and businesses that have been waiting months for payment. http://feeds.reuters.com/~r/Reuters/d... http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com

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domesticNews Susana Mendoza Bond Illinois Comptroller Governor Of Illinois Illinois Budget Impasse Government Of Illinois Illinois Comptroller
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