Local News

Rep. Butler Floating Idea to Have Universities Borrow Money During Impasse

Aside from allowing the governor to sweep funds as a way to pay for higher education, a state Representative is also feeling out the idea of letting universities borrow money.

Republican Representative Tim Butler joins other Republicans and the governor in asking for approval of the Unbalanced Budget Response Act. Butler tells WMAY Springfield he understands fund sweeps are unpopular but they may be necessary to solve Illinois’ budget crisis.

Democratic Senator Daniel Biss dismissed the idea saying a better approach would be for the governor to propose a balanced budget with revenues to pay for it. Meanwhile Butler says he’s investigating letting universities borrow funds for the short term.

Butler says the borrowing authority would help universities fill the gap while the state sorts out its fiscal mess.

Townhall Top of the Hour News

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook