Illinois Owes Money, But No One Knows How Much

Joe Scudder
Written by Joe Scudder

There are estimates of how much Illinois owes, but the bills are not tracked by any one person.

Illinois owes a lot. But how much? And who does it owe this money to? It turns out that no one knows. According to Bloomberg, even the CFO of the state government doesn’t know how much they owe. By the time he gets reports on public debt from state agencies, the figures are outdated.

Bloomberg reports, “Even Illinois’s CFO Doesn’t Know How Many Bills Are Unpaid.

Under current law, state agencies only have to report to the comptroller once a year — on Oct. 1 — the amount of unpaid bills they had by the end of June, making the information already outdated by the time it’s submitted. […]

To get a better picture of how deeply Illinois is in debt, Mendoza is urging lawmakers to override Republican Governor Bruce Rauner’s veto of a measure that will require state agencies to report bills on a monthly basis and include how old the bills are, whether funds have been appropriated to pay those bills and how much interest is owed. The Illinois House of Representatives voted to override the veto on Wednesday. The Senate must do the same for the bill to become law.

Read the full Bloomberg story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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