Hynes says no to Quinn's $500 million state borrowing plan

[December 05, 2009]  CHICAGO (AP) -- Illinois Comptroller Dan Hynes says he won't support Gov. Pat Quinn's plan to borrow $500 million to pay the state's bills.

Hynes sent a letter to Quinn on Friday saying that additional borrowing would put further strain on the state.

Hynes, Quinn and Illinois Treasurer Alexi Giannoulias (jeh-NOO'-lee-ehs) must sign off on the borrowing for it to happen.

Earlier this week, Quinn accused Hynes of playing politics by not quickly signing off on the loan. Hynes is Quinn's chief Democratic opponent in the Feb. 2 primary election.

Quinn also said earlier this week that Giannoulias' office is "ready to go" but the treasurer's office said that was premature.

[Associated Press]

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