Illinois ending 2013 with billions in overdue bills

Illinois ending 2013 with billions in overdue bills

Illinois ending 2013 with billions in overdue bills

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by Associated Press

KMOV.com

Posted on December 30, 2013 at 2:34 PM

SPRINGFIELD, Ill. (AP) -- Illinois will end the year with overdue bills totaling $7.6 billion.

Comptroller Judy Baar Topinka's office says the amount is about 16 percent less than the $9 billion owed at the end of 2012. That's according to a Monday story in the Rockford Register-Star.

Topinka spokesman Brad Hahn says it's unclear how the landmark pension-reform package adopted this month will affect the backlog.

For one thing, retired teachers and other educators have filed a lawsuit over the plan to save $160 million over 30 years by cutting benefits. They say it's unconstitutional.

Hahn says the backlog benefited this year from $1.3 billion in tax revenues that officials didn't expect.

Topinka's office had predicted as late as a month ago that the year-end backlog would be closer to $9 billion.

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