How Your Money is Being Spent
2017 Bill Backlog Bond Proceeds Summary
On the morning of November 8, 2017, worsened by an impasse that left the state without a complete budget for two years, Illinois’ unpaid bill backlog stood at a record $16.7 billion.
The same morning, the state received nearly $6.5 billion in proceeds from an October issuance of General Obligation bonds to pay down a significant portion of the backlog.
The Office of the Comptroller worked aggressively to pay bills resulting in federal reimbursements, and bills related to employee insurance – many of which had been unpaid for two years. In just three weeks, the Office of the Comptroller cut the state’s unpaid bill backlog almost in half.
Office of the Comptroller’s Backlog Reduction Action
November 8, 2017 to November 28, 2017
- More than $4.6 billion in medical bills paid
- More than $4 billion in bills related to employee insurance paid
- More than $2.2 billion in federal reimbursements received for the payment of medical bills
- Nearly 73,000 vouchers for payment released
Fiscal impact of nearly $6.5 billion in bond proceeds: $8.8 billion in bills paid in only three weeks
For more information on how your money was spent, click here.