CHICAGO — The battle for the Democratic nod in the Illinois governor’s race centered on state finances yesterday as Comptroller Dan Hynes — Gov. Pat Quinn’s primary rival — issued a warning over the state’s dire fiscal condition, including $5.1 billion in unpaid bills and the looming repayment of $2.25 billion of cash-flow notes.

Hynes warned that the state’s liquidity is so strained it is facing “the most dangerous fiscal conditions in modern history,” in a statement accompanying his office’s quarterly report. The state enters the third quarter of fiscal 2010 with record bills, payment delays, and debt.

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