Debtor in denial

OCTOBER 12, 2017 | by Northwest Herald Editorial Board | NORTHWEST HERALD

Editorial, includes “Illinois state government is behaving like a debtor in denial: Trying not to pay too much attention to financial details because the story they tell is too depressing. … Mendoza’s office pushed for a new law, House Bill 3649, The Debt Transparency Act, which would require the state to report monthly on the amount of unpaid bills owed by state agencies and the budget appropriations that will cover them. In other words, the state should be required to report what it owes to creditors, how much it owes in late-payment fees, and what money is budgeted to pay those bills. …”

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