Former Illinois Governor Jim Edgar Part of Firm Built to Profit Off Budget Stalemate

Former Illinois Gov. Jim Edgar has been critical of fellow Republican Gov. Bruce Rauner over the state's ongoing budget stalemate. But Edgar is also a partner in a business that is trying to make money off the crisis.

Edgar is a partner and chairman of the board of Illinois Financing Partners. According to the Chicago Sun-Times, the company advances money to vendors that aren't being paid by the state. In exchange it will keep late fees the state owes those vendors.

Edgar says that without the company and a handful of others in the same business vendors would have to find ways to live without the money they are owed by the state.

Edgar says he is paid a monthly stipend but won't say how much that is.

Copyright AP - Associated Press
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