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Illinois wants to use federal windfall to reduce debt, bills Illinois wants to use federal windfall to reduce debt, bills The state’s unpaid bills stand at about $5.74 billion. Wikimedia Commons (Bloomberg Illinois, the U.S. state with the worst credit rating, wants to use some of its $7.5 billion of federal aid from the American Rescue Plan to chip away at unpaid bills and short-term debt racked up during the pandemic, according to Deputy Governor Dan Hynes. The state’s unpaid bills stand at about $5.74 billion, and Illinois still has to pay back about $3 billion of the $3.2 billion it borrowed last year from the Federal Reserve’s Municipal Liquidity Facility. Governor J.B. Pritzker’s administration has “basic principles” for paying down some loans and bills but is awaiting specific federal rules and restrictions attached to the aid, Hynes said during a state senate appropriations committee hearing on Tuesday.

United statesDan hynesAmerican rescue planDeputy governor danFederal reserveMunicipal liquidityஒன்றுபட்டது மாநிலங்களில்டான் ஹைன்ஸ்அமெரிக்கன் மீட்பு திட்டம்துணை கவர்னர் டான்கூட்டாட்சியின் இருப்புநகராட்சி நீர்மை நிறை