Illinois budget impasse cost state $1 billion in late payment penalties

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CHICAGO (Reuters) – Illinois incurred $1.03 billion in late bill payment penalties last year largely as a result of the state’s unprecedented two-year budget impasse, the state comptroller reported on Monday.

The first monthly debt transparency report by Democratic Comptroller Susana Mendoza found Illinois ended 2017 with $9.246 billion in unpaid bills from vendors, service providers and others. This also included invoices held by state agencies and bills totaling $2.3 billion that still lack legislative appropriation.