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Illinois paying bills — for a price

from Reuters via Crain's Chicago Business

Illinois owes a handful of financial consortia more than $118 million under an obscure program intended to speed up overdue payments to vendors, an analysis of state records shows. Political feuding between Republican Gov. Bruce Rauner and Democrats who control the General Assembly has kept Illinois without a full operating budget since July 2015, contributing to a doubling of the unpaid-bills backlog. more

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