Illinois' unpaid bills reach record $14.3 billion
Source: Reuters
BUSINESS NEWS | Wed May 17, 2017 | 11:58am EDT
Illinois' unpaid bills reach record $14.3 billion
Illinois' unpaid bill backlog has hit a record high of $14.3 billion as the legislature nears a May 31 budget deadline, the state comptroller's office said on Wednesday.
The bill pile jumped from $13.3 billion after the governor's budget office this week reported more than $1 billion in liabilities held at state agencies, the comptroller said.
Illinois is limping toward the June 30 end of its second straight fiscal year without a complete budget due to an impasse between Republican Governor Bruce Rauner and Democrats who control the legislature.
Its clear the Rauner Administration has been holding bills at state agencies in an attempt to mask some of the damage caused by the governors failure to fulfill his constitutional duty and present a balanced budget," Comptroller Susana Mendoza, a Democrat, said in a statement, adding that the governor's office was keeping lawmakers in the dark about the true size of the backlog.
[font size=1]
-snip-[/font]
Read more:
http://www.reuters.com/article/us-illinois-budget-idUSKCN18D1T1