Government borrows money and taxpayers pay the bill
Illinois faces record high borrowing costs as state plans to issue up to 150 million in new bonds. Taxpayers will pay rising interest and debt service through income, sales, and other taxes. Analysts note rates may stay high despite some tight money signs.
MENTIONED IN THIS ARTICLE
Bob Springer
Springfield
John
Susan
Illinois
State Highway Department
Public Aid
Robert Mandeville
James R. Thompson
John Briggs
Mandeville
U.S
Treasury
Reagan
IRS
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