CHICAGO -- Gov. Jim Edgar of Illinois last Friday said he would consider additional short-term borrowing to speed up the payment of old bills, but only if the General Assembly approves budget cuts next month to help stem a budget shortfall.

The illinois Bureau of the Budget earlier this month said the state is facing a shortfall of as much as $520 million in its $13.4 billion general funds budget for the fiscal year that began July 1. It cited lagging tax revenues and higher-than-expected spending on entitlement programs.

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