The state’s plan is to first pay off bonds used to pay to construct the prison. After that, the governor has said the state should focus on paying down some bills.
The pile of unpaid bills in the state of Illinois is not getting any smaller, says Comptroller Judy Baar Topinka. She says it’s about $9 billion.
Nixon says Missouri was able to refinance because the state has maintained a good credit rating.
Billionaire Warren Buffett plans to devote part of Monday to listening to a series of business ideas, but none of the people meeting with the investor even has a college degree.
That’s more than twice as high as the national average of 8.8 percent.
A report originally estimated the costs to the city would be about $24 million.
As of early last month, the state owed on 166,000 unpaid bills worth a breathtaking $5 billion, with nearly half of that amount more than a month overdue.
According to the report, if each household in the state had to cough up cash to bail the state out, it would cost just over $6,600.
With Congress’s approval rating at an all-time low, some Americans are concerned there’s a lot of heated rhetoric going back and forth in Washington.
Says like many Americans, she’s “ticked off” at Congress.