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Lacking a Budget—Illinois to Borrow $480 Million for Road and Transit Projects
"Gov. Bruce Rauner's administration plans to borrow $480 million this month to pay for construction projects," reports Monique Garcia.
Gov. Rauner is planning the general obligation bond sale for January 14, and the money will fund road and transit projects, according to Garcia.
The bond sale comes during a budget impasse stretching back to July 1.