Illinios Comptroller Susana Mendoza, left, with members of her staff, watching last November as the State Senate overrode Gov. Bruce Rauner's veto of the Debt Transparency Act, which resulted in her office's first debt transparency report last month.
Illinios Comptroller Susana Mendoza, left, with members of her staff, watching last November as the State Senate overrode Gov. Bruce Rauner's veto of the Debt Transparency Act, which resulted in her office's first debt transparency report last month.
The State of Illinois saw unpaid vendor debt slightly dip during the week ending Aug. 23, after recently topping $8 billion.
Total debt now falls at $7,848,530,716.67 with the number of vouchers backlogged, including vouchers and transfer to other state funds, finishing the week also up at 85,183, the Illinois Comptroller’s website states.
Debt has mostly trended downward, remaining in the neighborhood of $7 billion to $8 billion, since Gov. Bruce Rauner issued a massive amount of general obligation bonds in 2017 that were all applied to the state’s runaway debt load.
Illinois Gov. Bruce Rauner
Before that, debt ballooned to as high as $16 billion over a 24-month plus period when the state was forced to operate without a balanced budget in place.
More recently, Illinois Comptroller Susana Mendoza has sought to give Illinois residents more of a voice in how her office operates by launching the Debt Transparency Act.
Running for re-election in November’s general election against Republican Darlene Senger, Mendoza has touted the legislation as guidelines requiring various agencies to report monthly liabilities in a way that strictly adheres to standards outlined by her office.
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