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Quinn Won't Sign Bill to Let Colleges Borrow
SPRINGFIELD, Ill. (AP) -- Gov. Pat Quinn says he will not sign a bill that would allow Illinois' public universities to borrow money to make up for millions of dollars in overdue state funding.

Quinn said Tuesday that he instead wants to include universities in a broader bill now in the General Assembly that would allow the state to borrow to pay for a range of services. Illinois currently can't afford to provide many services because of the $13 billion state budget deficit.

Universities sought the ability to borrow as they wait for money held up because of the deficit. The University of Illinois, for example, is owed $350 million.

A university spokesperson says interim Illinois President Stanley Ikenberry supports Quinn's position.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
05 26 10 by Newsroom
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