Friday, April 9, 2010

Illinois' unpaid bills could top $5.5 billion

 

comptroller’s office has $2 billion worth of critical bills each month that must be paid off first, which include payments towards debt service, Medicaid, schools and payroll. That doesn’t leave much money left over to pay down the state’s unpaid bills.

Two weeks ago, a state ammunition vendor refused to ship bullets to the Illinois Department of Corrections unless the company was paid up front. The vendor, Shore Galleries Inc., was owed $6,000 by the state.

The department was forced to make an emergency purchase of bullets from an out-of-state vendor.

Click on the following for more details:  Illinois' unpaid bills could top $5.5 billion

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