The Illinois state government has borrowed about $1.17 million this fiscal year from money that Illinois taxpayers designate on their tax returns for charitable use, The News-Gazette in Champaign reported.
Lawmakers signed off on the plan to help deal with a multibillion-dollar state budget deficit.
Kelly Kraft, spokeswoman for the state Office of Management and Budget, said she expects the state to repay the money within a few months. By law, the money has to be returned, with interest, within 18 months, she said.
But officials from some of the charities say taxpayers are being fooled.
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%0D%0A%20%20Kelly%20Kraft,%20spokeswoman%20for%20the%20state%20Office%20of%20Management%20and%20Budget<%2Fa>,%20said%20she%20expects%20the%20state%20to%20repay%20the%20money%20within%20a%20few%20months.%20By%20law,%20the%20money%20has%20to%20be%20returned,%20with%20interest,%20within%2018%20months,%20she%20said.%0D%0A<%2Fp>%0D%0A
0 Comments Comments%0D%0A%20%20But%20officials%20from%20some%20of%20the%20charities%20say%20taxpayers%20are%20being%20fooled.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fillinois-borrowing-tax-funds-intended-charities%2F" target="_blank" class="email" data-post-id="18698" type="icon_link"> Email Email