Fed Aid Helps Illinois Cut Unpaid Bills to Lowest in Five Years – Bloomberg

The state used $1.2 billion of proceeds from a short-term Fed loan to help pay down the bills, said Carol Knowles, a spokesperson for the Governor’s Office of Budget and Management. The Fed established its Municipal Liquidity Facility to help state and local governments bridge funding gaps created by the pandemic.
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debtsor
3 years ago

“The state used $1.2 billion of proceeds from a short-term Fed loan to help pay down the bills”

So stealing from peter to pay paul. Just great.

Richard Poo Millersky
3 years ago

Is Carol Knowles related to Beyonce Knowles or James Knowles III? ?

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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