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IL Upaid Bills Mount

Mon, 25 Nov 2013 09:40:20 CST
By: AP

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