Illinois Comptroller Susana Mendoza is applauding passage of the debt transparency act and reductions in the state’s massive bill backlog. The act requires agencies to report how many bills they have stacked up on a monthly basis. Currently that’s only done once a year. Legislation sponsor State Senator Andy Manar says this will give Comptroller Mendoza a clearer picture of how much the state owes.
The comptroller is also announcing her office using money from a recent bond sale to start paying down the state more than 16 billion dollar backlog of bills.