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Pritzker’s plan to use federal tax money to pay debt hits snag

MAY 12, 2021 | by Greg Bishop | THE CENTER SQUARE – ILLINOIS

By Greg Bishop, includes “… ‘The debts that we racked up during the COVID year of 2020, we had to do some federal borrowing in order to cover our bills,’ Pritzker said. ‘We also racked up a bunch of bills, a bill backlog, that needs to be paid back. …' The federal guidance released this week … says ‘payments from the Fiscal Recovery Funds are intended to be used prospectively and the Interim Final Rule precludes use of these funds to cover the costs of debt incurred prior to March 3, 2021.’ …”

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