Post by Logan on Jul 6, 2016 2:27:52 GMT -6
At the same time he’s criticized Gov. Bruce Rauner for failing to pass a state budget, former Gov. Jim Edgar and his business partners are looking to profit from the state of Illinois’ financial crisis, records obtained by the Chicago Sun-Times show.
Edgar is chairman of the board of Illinois Financing Partners, which on Wednesday won the Rauner administration’s OK to advance money to vendors that have been forced to wait months to get paid by the state. The payoff for the Edgar company? It gets to keep the late-payment fees when the state finally pays up.
Edgar — a Republican who was governor from 1991 to 1999 — says somebody needs to stand up for state vendors.
His company joins five others already in the business of bailing out businesses owed money by state government.
Read more: chicago.suntimes.com/news/watchdogs-ex-gov-jim-edgar-aims-to-cash-in-on-states-cash-woes/
Edgar is chairman of the board of Illinois Financing Partners, which on Wednesday won the Rauner administration’s OK to advance money to vendors that have been forced to wait months to get paid by the state. The payoff for the Edgar company? It gets to keep the late-payment fees when the state finally pays up.
Edgar — a Republican who was governor from 1991 to 1999 — says somebody needs to stand up for state vendors.
His company joins five others already in the business of bailing out businesses owed money by state government.
Read more: chicago.suntimes.com/news/watchdogs-ex-gov-jim-edgar-aims-to-cash-in-on-states-cash-woes/