CHICAGO – Illinois will move forward with $6 billion in general obligation borrowing authorized in the fiscal 2018 budget package to chip away at the state’s record $15 billion backlog of delinquent bills, Gov. Bruce Rauner announced Thursday.

The budget that took effect in July after the General Assembly’s Democratic leadership overrode the Republican governor’s vetoes with the help of some GOP members authorized the sale of $6 billion of GOs with level principal repayment over 12 years by Dec. 31.

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