News

S&P GLOBAL RATINGS BACKS PLAN TO REFINANCE DEBT & HELP PAY DOWN STATE BILL BACKLOG
August 22, 2017

Taxpayer costs continue to grow from Rauner’s refusal to refinance debt

 

CHICAGO— S&P Global Ratings said Tuesday it supports fiscal policies outlined in recent weeks by Illinois Comptroller Susana Mendoza to pay down a state bill backlog of $14.9 billion. 

Read More
NEWSPAPERS ENCOURAGE LEGISLATORS TO OVERRIDE GOVERNOR'S VETO OF THE DEBT TRANSPARENCY ACT
August 22, 2017

CHICAGOFollowing Governor Rauner’s veto of the Debt Transparency Act (House Bill 3649) Friday afternoon, newspapers across the state have joined Comptroller Mendoza in calling for the General Assembly to override his veto of this common-sense transparency measure.  

Read More
DEBT TRANSPARENCY ACT FACT SHEET
November 1, 2017

Purpose

The state’s unprecedented fiscal challenges require a full weighing of outstanding vouchers and the ramifications of the $12 billion-plus unpaid bill backlog.  House Bill 3649/Senate Bill 1652 seeks to provide a more accurate accounting of bills being held by each state agency and the late interest penalties the state is accruing. 

Read More

SUBSCRIBE TO OUR NEWSLETTER