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

Illinois has tapped nearly $700 million in existing funds to make the first payment to colleges and universities they've received in seven months.

Comptroller Susana Mendoza announced the payment Thursday.

The candidates vying to be Illinois comptroller are at odds over whether the office should even continue to exist.

The special legislative session Thursday in Springfield could lead to a special election for comptroller in 2016.

One of the many reasons Illinois' pension funds are in trouble is because for a long time, politicians would move allies into higher-paying gigs at the end of their careers.