Cursive writing will be required in IL elementary schools after veto override

The Senate on Wednesday joined the House in overriding Rauner's August veto of legislation requiring monthly instead of annual reports from state agencies on bills they are holding.

The office will prioritize bills eligible for federal matching fund with the expectation that an additional $2 billion of the backlog can be paid off.

"There is no reason that state agencies can not do a better job of communicating with the comptroller each month about invoices they've received that will need to be paid", said Sen.

The state closed on its two recent bonds sales totaling $6 billion.

"As the state's chief fiscal and accountability officer, I'm laser focused on maximizing this opportunity for taxpayers", says Comptroller Mendoza.

IL began tackling its $16.7 billion backlog of unpaid bills on Wednesday as it received recent bond sale proceeds and enacted a law requiring more frequent spending reports by state agencies. Unpaid bills are a key factor in the state's credit profile as they provides a picture of its cash and liquidity status.

In July, the legislature enacted a fiscal 2018 budget that included the bond authorization, as well as an income tax hike, over Governor Bruce Rauner's vetoes.

"The financial pressure on IL government has not lifted, as evidenced by the growing bill backlog", Manar said. "The least we can do is engage in basic, responsible accounting practices and communicate across offices as we try to work through this".

In October, Illinois sold $6 billion of general obligation bonds to help pay off the backlog.

It will help with reducing the state's record bill backlog and end the accrual of interest penalties as high as 12% annually on numerous state's oldest obligations. The state already owes about $900 million in penalties alone. That's decidedly lower than the 12 percent annually owed on about one-third of the backlog subject to late-payment interest penalties. Comptroller Susana Mendoza said about $2.5 billion will go immediately to cover unpaid medical bills with close to $4 billion being used to pay down unpaid state health insurance claims owed to medical providers.

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