• Illinois backlog of unpaid bills again growing

    by  • November 25, 2013 • News • 0 Comments

    Illinois’ comptroller says the state’s backlog of unpaid bills is growing again.overdue bills

    The (Springfield) State Journal-Register reports the backlog has grown to about $8.8 billion.

    The state’s balance of unpaid bills was shrinking in the spring, thanks to an influx of tax revenue.

    Brad Hahn is a spokesman for Illinois Comptroller Judy Baar Topinka. He says the backlog fluctuates during the year, with “numbers dropping in high-revenue months and rising in leaner seasons.”

    In late May, the balance fell to $5.8 billion and vendors were waiting about two months to be paid. It climbed to $6.1 billion by the end of the state’s fiscal year in June. Of the $8.8 billion in backlog bills, $2.6 billion is more than 60 days overdue.

    Hahn says the balance could grow to $9 billion by the end of December for the second year in a row.

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