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This is the perfect opportunity for a GOP administration to rack up billions of dollars in unpaid bills because they’re complete failures at governing and are more interested in being the reason why we can’t have nice things than addressing that their party is morally and intellectually bankrupt. What GOP administration? Where? The GOP in Illinois is inept, but they have very little impact on the budget or finances. As Rich Miller pointed out in an excellent article the other day, Illinois really has to focus on controlling spending, as the bill backlog could really escalate by 2024. And there is the huge pension debt as well. Numbers do not discriminate. ....
By Benjamin Cox on April 28, 2021 at 1:50pm The State’s backlog of unpaid bills has fallen into a 30-day payment cycle. Comptroller Susana Mendoza’s Office reports today that the state’s balance has fallen to $3.5 billion after being at a high of $16.7 billion in January 2017. Mendoza says that the oldest commercial vouchers owed to most vendors and providers of goods and services in her office right now are dated from Monday. She says it’s the first time in several years that the state has final caught up to a manageable cycle of bill payment. The Debt Transparency Act, resulting in monthly Debt Transparency Reports from state agencies, was an initiative that Mendoza pushed in 2017 after assuming office. Mendoza says it has eliminated costly surprises and has allowed for more effective management of the state’s checkbook. ....