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Illinois stalls Chrysler loan action again
Illinois Senate again considered a proposed 20 million loan to Chrysler but pulled the measure before a vote. The chamber had previously refused to appropriate funds, with fears Chrysler could collapse. The loan waited for next month’s consideration as lawmakers weigh lottery revenue funding. A separate note: suburban lawmakers push to address Chicago area mass transit financing after the new General Assembly is sworn in mid January, amid doubts of a January special session. A state audit warns the RTA could face a deficit up to 175 million, needing fare increases or aid to avoid service cuts.
MENTIONED IN THIS ARTICLE
Springfield
Chrysler
Illinois Senate
Senate
John Knuppel
Havana
General Assembly
RTA