Many communities across Illinois are grappling with massive spikes in natural gas prices, with some being forced to pay 100 times their normal cost. For some of the affected communities, this will likely mean monthly natural gas bills that are substantially higher than what they would normally pay for an entire year.
To help alleviate the immediate financial crisis, Governor Pritzker ordered the Illinois Finance Authority (IFA) to develop a $15 million low-interest loan program to help affected communities. The IFA will be meeting on Thursday to finalize the details of the program, including how communities can apply for assistance.
More details will be available following the IFA meeting.
“I was glad to join the Governor and local leaders from the 50th District at today’s press conference in Springfield announcing the loan program,” said McClure. “It’s great to see bipartisan support when it comes to dealing with this crisis. I thank Governor Pritzker for the important steps that he has taken to address the situation. Now I hope that the federal government also steps up to offer support for all the people impacted by this crisis.”