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The Budget/Fiscal News section provides access to all State of Illinois press releases that have been published about the State Budget and Fiscal Management, as well as information about proposed funding and fiscal responsibility.
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12/22/08 - $1.4 Billion Available Today to Pay Community Organizations that Provide Goods and Services
Today Governor Rod R. Blagojevich announced that thanks to a successful short-term borrowing deal, the State has $1.4 billion available to pay many community organizations and vendors that have supplied goods and services to the state, but have yet to be paid. Because Illinois has a $2 billion budget deficit caused by the national recession and an uneven revenue stream, the State sold $1.4 billion in general obligation certificates to infuse the General Revenue Fund with much needed cash to pay vendors and providers who urgently need payment.
12/16/08 - $1.4 Billion to be Available to Pay Bills Before the New Year
Because the national recession has negatively affected Illinois’ revenue and caused a $2 billion fiscal year 2009 budget deficit, the State will be selling $1.4 billion in general obligation certificates to infuse the General Revenue Fund with much needed cash to pay vendors and providers who urgently need payment.
11/26/08 - All Kids Program Expansion Approved
Comprehensive Health Insurance Board approves Bridge Program
Governor Rod R. Blagojevich today announced that the Illinois Comprehensive Insurance Program (ICHIP) Board unanimously approved an expansion of healthcare coverage to assist seriously ill or injured teens, or those with pre-existing conditions, maintain healthcare coverage. The All Kids program offers families affordable health insurance for their children, but teens over age 18 are no longer eligible for coverage under All Kids. The Bridge program will prevent a lapse in healthcare coverage and ensure premiums stay affordable for young people when All Kids coverage ends on their 19th birthday.
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