Monday, 30 December 2013 12:32
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.
Published in Local News