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Illinois will act on $6 billion of GO authority for backlog

September 07, 2017

Illinois will move forward with general obligation (GO) borrowing to chip away at the state's $15 billion backlog of delinquent bills. Brian Battle commented on the authorization of $6 billion in GO borrowing for fiscal year 2018. He also talked about where there might be interest in the market given the current circumstances of the state.

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