chicago illinois governor bruce rauner say monday hold issuance billion bond help pay state 14 billion overdue bill despite state comptroller public plea debt sale republican governor call illinois comptroller susana mendoza tap 600 million various state account first pay bill authorization general obligation bond use money park account include fiscal 2018 budget democratic-controlled legislature enact july governor veto nl1n1jx20r rauner also say state go market debt work state lawmakers identify appropriation plan pay new bond bond answer rauner tell reporters video statement monday mendoza say illinois bill backlog cost residents million day late payment penalties reach much 12 percent year bond authorization expire dec. 31 aim rauner budget office sell 12-year bond low interest rate debt cover illinois go bond act constitute irrevocable continue appropriation principal interest payments state outstanding bond accord budget legislation illinois unprecedented two-year budget impasse balloon unpaid bill total record 15.4 billion june friday backlog stand 14.35 billion abdon pallasch spokesman democratic comptroller say inter-fund transfer already underway need right movement governor office solid timetable refinance debt office establish comprehensive cash management plan remainder fiscal year 2018 say monday illinois bond due 12 years yield 4.13 percent accord municipal market data unit thomson reuters illinois low credit rat pay high borrow cost among 50 u.s. state since enact first budget two years along billion income tax hike subsequently evade junk bond rat state so-called credit spread mmd benchmark triple-a yield scale narrow mendoza office say new borrow provide relief service providers businesses wait months payment past two years without budget exhaust line credit lay employees case turn away illinois citizens need service statement comptroller say illinois governor stall bond sales seek options pay bill