Our View: Painful fiscal new year is upon Illinois
Saturday was new year’s eve for Illinois state government – fiscal new year’s eve, that is.
Sunday was the first day of the state’s fiscal 2012-13. The past fiscal year hasn’t been all that happy.
The state’s backlog of unpaid bills stood at slightly more than $3.8 billion as of Friday, said Comptroller Judy Baar Topinka’s website, ledger.illinoiscomptroller.com. That represents more than 163,000 unpaid vouchers.
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