Article updated: 1/21/2013 7:49 AM

Illinois Democrats look at loan to pay state's overdue bills

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Illinois Comptroller Judy Baar Topinka is resisting short-term loans as a way for Illinois to pay down stacks of invoices overdue by as much as four months to businesses, charities and local governments performing some of the stateís most important services.

Associated Press

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Despite repeated failures, Illinois Democrats again are considering a multibillion-dollar loan to pay down the state's backlog of past-due bills, now hovering at a near-record $9 billion. Republicans, led by State Comptroller Judy Baar Topinka, continue to resist the short-term loan idea as a way for Illinois to pay down stacks of invoices overdue by as much as four months.

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