SPRINGFIELD— Illinois Comptroller Susana Mendoza released a video this afternoon to explain her proposed Debt Transparency Act and urge the public to call their representatives. The Illinois House of Representatives is set to vote Wednesday on whether to override the governor’s veto of the bill. The Debt Transparency Act would require state agencies to report their liabilities to the Office of the Comptroller monthly, instead of annually as is currently the case under the law.
DECATUR— It’s the largest procurement in Illinois history. And all that the legislature and I asked for was a little transparency. Governor Rauner decided to shrink the number of Managed Care Organizations serving Illinois Medicaid patients, from 12 to six. Or seven. It’s not clear.
CHICAGO — The 3.5 percent rate the state of Illinois received on its competitive bond offering Tuesday will serve state taxpayers much better than the interest rates of up to 12 percent the state pays on parts of its bill backlog now. Once the negotiated sale is complete, my office will leverage federal matching funds to get taxpayers a good return on their investment and we will move swiftly to pay down the highest-interest-accruing parts of the state’s debt.