Illinois debt rating

Illinois Times

Illinois is racking up more debt than even its comptroller knows about. Hundreds of millions of dollars’ worth of bills are awaiting payment. They're part of a little-known program that has lawmakers asking questions.

Documents obtained by Illinois Public Radio show that, since November, the state owes businesses in the Vendor Support Initiative program more than $600 million. That doesn't include the 1 percent interest fee applied per month to bills over 90 days old under the Prompt Payment Act.

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