Judy Baar Topinka
Topinka and Illinois Treasurer-elect Dan Rutherford said they plan to flex their muscle as the state’s fiscal officers, with an aim at Gov. Pat Quinn’s borrowing. Quinn has called borrowing one of his “budget pillars,” yet the state treasurer and comptroller must sign-off on short term borrowing, according to Illinois state law requires.
“I have a number of questions about any type of short term borrowing,” Topinka said. “What will the money be used for, how long will it be out, and is there money for the state to pay it back?”
Topinka said she will not issue blank checks to the governor. Rutherford thinks he has a mandate to be tough and that voters picked Republicans to hold the fiscal offices of the state for a reason.
“[One] thing that I think is going to be impactful is to have people who are willing to articulate what may be a differing opinion on the finances of the state.”
Rutherford said that not all borrowing is bad, but he does worry about Illinois’ mounting debt and the state’s ability to repay what it borrows.