Sunday, May 2, 2010

Illinois is $4.4B behind in bills, expected to rack up another $1B by June

 

The backlog of 200,000 bills is forcing the state to spend more on emergency purchases to buy items and services needed for daily state operations because officials are scrambling rather than seeking out the lowest bidder.

Forecasters predict the financial problems facing state government could linger throughout the next 19 months. The $4.4 billion backlog is projected to hit $5.5 billion in June.

Click on the following for more details:  Illinois is $4.4B behind in bills, expected to rack up another $1B by June

No comments: