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, the Illinois Finance Authority (IFA) is developing a $15 million low-interest loan program. 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.