COVID-19 Has Dealt a Blow to Government Budgets. What That Means for Illinois – WTTW (Chicago)

Illinois’ fiscal year 2021 budget authorizes up to $5 billion in borrowing through the Municipal Liquidity Facility, managed by the Federal Reserve. Thus far, the state has used $1.2 billion of that; Whether it uses any of the remaining $3.8 billion will be determined after the Nov. 3 election.

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