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House votes to borrow money amid budget mess
Associated Press
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Published: 6/30/2009 12:00 AM

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SPRINGFIELD -- The Illinois House wants to borrow $2.3 billion to help piece together a new state budget.

The House voted 101-7 on Monday for a plan to borrow the money for five years. It would be used to reduce budget cuts for local agencies that provide social services for the state.

Critics say the move might help this year but it would just create a bigger hole in the next budget.

The plan now goes to the Senate.

If it's approved, the borrowing would not be enough to balance the state budget. Officials would still have to cut spending or raise taxes.