Quinn interested in refinancing for overdue bills


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Posted Online: Nov. 15, 2012, 4:46 pm
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CHICAGO (AP) Pat Quinn's budget director says the governor wants to work with lawmakers on a refinancing plan to pay down some of the state's $8 billion in overdue bills.

Jerry Stermer told the House Revenue and Finance Committee Thursday that Quinn in the coming weeks will present lawmakers with a proposal for refinancing some of that debt.

The governor's office later suggested Stermer overstated the progress and said there was no new plan in the works. Quinn's office says the governor is interested in working with the General Assembly on the issue.

As part of its massive budget quandary, Illinois has been months late on bills, forcing many nonprofit agencies that do work for the state to fire staff, borrow money and delay paying salaries.














 



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  Today is Friday, April 18, the 108th day of 2014. There are 257 days left in the year.
1864 -- 150 years ago: A new steamer, Keithsburg, now is at our levee taking on board the balance of her fixtures preparatory to assuming her position on the daily Rock Island and Keokuk line.
1889 -- 125 years ago: C.W. Hawes was appointed deputy county clerk by county clerk Donaldson.
1914 -- 100 years ago: Mrs. O.E. child, of Moline, was named president of the Women's Home Missionary Society of the Methodist Church Rock Island District of the Central Illinois conference.
1939 -- 75 years ago: Augustana College is making plans for a drive for funds to erect a field house and make football field improvements.
1964 -- 50 years ago: A expanded election coverage system featuring a 16-foot chalkboard showing up to the minute running totals, attracted a large and enthusiastic crowd to The Argus newsroom last night.
1989 -- 25 years ago: Balloons frame Rock Island attorney Stewart Winstein who was given a surprise party in the rotunda of the Rock Island County Courthouse on Thursday to honor his 50th year of practicing law.




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