The state comptroller's office says Illinois ended 2007 with the bills it owed reaching a record amount.No word yet from those who say the government can do things more "efficiently".
A report released by Comptroller Dan Hynes' office indicates the backlog of outstanding bills stood at more than $1.7 billion. That compares to the $1.33 billion the state owed at the same time last year.
In addition, it's now taking Illinois 34 business days to pay bills once they land in the comptroller's office -- up from the 22 days it took a year ago.
The report says both the backlog volume and the number of days delayed represent record levels for the midpoint of the fiscal year. The report cites several factors behind the backlog. They include the decline in corporate income tax revenue and insignificant sales tax revenue growth.
Tuesday, January 08, 2008
Illinois's Unpaid Bills Hit Record High
The AP reports:
