State’s Unpaid Bill Backlog Shrinks to $3.5 Billion — and in Illinois, That’s Called ‘Remarkable’
Illinois’ backlog of unpaid bills is down to about $3.5 billion — a fraction of the nearly $17 billion the state was behind in paying four years ago.
State Comptroller Susana Mendoza characterized that as a “remarkable” achievement.
The drop in the backlog — which, at its highest point, stood at $16.7 billion in 2017 — means Illinois can pay its bills as they come in and moves closer to paying off its debts within a normal 30-day cycle.
Currently, the oldest bills the comptroller’s office has are from Monday.
Click Here to read more.
State Comptroller Susana Mendoza characterized that as a “remarkable” achievement.
The drop in the backlog — which, at its highest point, stood at $16.7 billion in 2017 — means Illinois can pay its bills as they come in and moves closer to paying off its debts within a normal 30-day cycle.
Currently, the oldest bills the comptroller’s office has are from Monday.
Click Here to read more.