Thursday, January 20, 2005

Comptroller says state has $1.5 billion in unpaid bills

Well, "Governor Image" has been in office for two years. To be fair, George Ryan left him a mess, but I'm not sure what Blago has done to fix it.

From the Decatur Herald & Review:

By MATT ADRIAN - H&R Springfield Bureau Writer

SPRINGFIELD - The state's backlog of unpaid bills is over the $1.5 billion mark according to a report issued by Illinois Comptroller Dan Hynes.Hynes' estimate comes halfway through the current budget year as the General Assembly and Gov. Rod Blagojevich begin discussing next year's budget.

Hynes reports in the January issue of the Illinois State Comptroller's Quarterly: "Without a dramatic improvement in revenues, the state is likely to continue to hold a significant amount of General Fund bills at the end of this fiscal year."

The comptroller suggests that this backlog could continue to grow and cause problems with the fiscal year 2006 budget. House Speaker Michael Madigan, D-Chicago, said that legislators will have to close a $2.1 billion shortfall in next year's budget."We need to find $2.1 billion. That will require difficult decision-making. It will require all of us to tell some people 'No,' " said Madigan last week during General Assembly inaugural ceremonies

Read more here: http://www.herald-review.com/articles/2005/01/20/news/state/1005311.txt

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