Late Bills Cost State Money

The following are taken for a web site operated by Illinois Open Government.  Take a look at their interesting articles at:  http://blog.illinoisopengov.org/ or click on the individual story to read the rest of the story.

December 04, 2009

In 2008, Illinois paid $2,676,355 in interest penalties to various vendors. By the time of our FOIA request in 2009, the state had spent $149,343 on interest penalties. The table below breaks down the interest penalties by department and year. These numbers may be slightly different than those listed on the website due to rounding

Click on the following for the rest of the story:  http://blog.illinoisopengov.org/2009/12/late-bills-cost-state-money.html

50 Highest Paid Illinois State Retirees

December 03, 2009

Ever how much retired state employees make? The highest paid state retiree makes more than $17,000 per month.  On average, the 50 highest paid state employees worked 25.74 years before retiring and make $155,292 per year.

Interesting question: why does dividing the annual pay by the number of years worked not yield a consistent number? You might think that pension amounts were based on a simple formula number of years employed X benefit rate.

Click on the following for the rest of the story:  http://blog.illinoisopengov.org/2009/12/50-highest-paid-illinois-state-retirees.html