Bill Backlog

Illinois comptroller Susana Mendoza is applauding passage of the Debt Transparency Act and reductions in the state's massive bill backlog.

The state of Illinois has taken another step toward improving its financial situation — selling bonds to help pay down the backlog of overdue bills.

Illinois Governor Bruce Rauner is authorizing a major borrowing plan to pay down part of the state's nearly $15 billion dollar backlog of bills.

Lawmakers approved a state budget over Rauner’s veto earlier this summer.

That budget called for borrowing $6 billion dollars.

Illinois could soon begin to tackle its massive pile of unpaid bills ... thanks to a move Thursday by Governor Bruce Rauner.

Democrats are wondering: What took so long?

A major bond-rating agency says Illinois' fiscal challenges linger despite approval of the first state budget in two years.

Moody's Investors Service issued a report Friday. It notes that an income tax increase approved this month will generate nearly $5 billion more a year.