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Mendoza touts $82 million in savings through early COVID-19 loan payoff
— Chicago Sun-Times | Avery, T. — View the article. One of two loans from the U.S. Federal Reserve to the state for pandemic expenses, the $2 billion was granted in December of 2020. Roughly $1.8 billion was used on Illinois’ Medicaid bills, and the remaining $200 million was put towards health insurance for state…
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Mendoza announces that Illinois has paid off $2 billion COVID loan
— Now Decatur | Hadden, D. — View the article. Two years ahead of schedule, Illinois Comptroller Susana A. Mendoza has made the final $302 million payment on a $2 billion loan the state took out in 2020 to cover COVID-19 expenses. It’s estimated the early pay-back of the loan will save Illinois taxpayers $82…
