Showing posts with label Even Illinois's CFO Doesn't Know How Many Bills Are Unpaid. Show all posts
Showing posts with label Even Illinois's CFO Doesn't Know How Many Bills Are Unpaid. Show all posts

Thursday, October 26, 2017


By Bloomberg, Oct. 25, 2017

How big is Illinois’s pile of unpaid bills? Even the state’s chief fiscal officer doesn’t know for sure.

The state sold $4.5 billion of bonds on Wednesday to help pay down the estimated $16.6 billion it owes to contractors, health care providers and others who waited to get paid during Illinois’s record-long fight over the budget. But Comptroller Susana Mendoza, a Democrat, says her office doesn’t know the size of that backlog for sure, and she wants that to change.


Read More: https://www.bloomberg.com

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