WBGZ Radio 4/14/2021 |
By Greg Bishop - Illinois Radio Network
As Illinois state lawmakers return to session, up for grabs will be $7.5 billion in taxpayer funds the federal government is set to send the state.
It’s expected Illinois state government’s share of the $1.9 trillion American Rescue Plan will come in two installments over two fiscal years. Local governments in Illinois will share in more than $5 billion.
Last month, Gov. J.B. Pritzker’s Budget Director Alexis Sturm told lawmakers they want to focus on paying off around $3 billion in short-term borrowing last year during the pandemic.
“So we can call it all within two to three weeks and save ourselves quite a bit of interest costs,” Sturm said.
Illinois Lawmakers to Decide How to Spend $7 5 billion in Federal Aid
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Illinois lawmakers to decide how to spend $7 5 billion in federal aid
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Normal, IL, USA / www.cities929.com
Mar 10, 2021 2:13 PM
(The Center Square) – Federal taxpayers are set to send more than $10 billion to Illinois with a measure the U.S. House passed Wednesday.
President Joe Biden is expected to sign the measure.
“Thank you, members of the U.S. Congress and the U.S. Senate, for responding to the needs of America to survive COVID-19,” Illinois Comptroller Susana Mendoza said in a statement. “This financial relief is needed in Illinois to pay back billions of dollars we borrowed from the federal reserve that allowed us to cover the state’s health care bills as we fight our way through this pandemic.”