Illinois Governor: Low-Interest Loan Program for Small Municipalities

Illinois Governor: Low-Interest Loan Program for Small Municipalities

Gov. Pritzker Calls for Low-Interest Loan Program for Small Municipalities Impacted by Record High Gas Prices

SPRINGFIELD, IL (STL.News) Building on efforts by the administration to respond to recent extreme weather conditions across Illinois, Governor Pritzker called on the Illinois Finance Authority (IFA) to develop a $15 million low-interest loan program to help small municipalities that have been financially impacted by record high natural gas prices due to extreme weather conditions.

“The catastrophic pricing surges have rained down on downstate communities in Illinois, demanding an unbearable financial sacrifice from small municipalities and their residents,” said Governor JB Pritzker. “The State of Illinois will not leave our people out in the cold.  I have called upon the Illinois Finance Authority to develop a low-interest $15 million loan program for impacted communities to support a manageable payment program for the record-high utility costs.  Illinois will use every lever of state government to support all our communities as best we can.”

“I would like to thank Governor Pritzker and his team for expeditiously coming to the aid of small communities across the state that own their natural gas systems,” said Heather Viele, General Manager of the Interstate Municipal Gas Agency. 

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