State's unpaid bill backlog shrinks to $3.5 billion — down from $16.7 billion
Victor Hilitski/For the Sun-Time 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. The rest of the backlog is comprised...
Source: suntimes.com