Late payment penalties costing Illinois millions

Posted: Updated:

SPRINGFIELD - Illinois is currently the only state without a budget for this fiscal year, and according to figures from Comptroller Leslie Munger's office, the financial situation is growing worse.

Although the figures don't include outlays for the current fiscal year, Illinois has reportedly spent more than $900 million on late-payment penalties over the last six years because of the state's inability to pay bills on time.

Officials from the governor's office said in February they'd be willing to explore the idea of borrowing money to reduce the backlog if the Legislature passes a balanced budget.

Earllier, Republican Governor Bruce Rauner expressed frustration at the lack of progress, saying his efforts to arrange a one-on-one meeting with Democratic House Speaker Michael Madigan have gone nowhere.

Madigan spokesperson Steve Brown blamed Rauner, saying it was the governor who vetoed the spending plan lawmakers sent him last year.

   

Current Conditions
/