ILLINOIS COMPTROLLER SUSANA MENDOZA IS HIGHLIGHTING SOME IMPORTANT FISCAL MILESTONES FOR THE STATE THIS WEEK.
FOR STARTERS, CONTROLLER MENDOZA SAYS HER OFFICE HAS DEPOSITED ANOTHER 350 MILLION DOLLARS INTO THE STATE’S RAINY-DAY FUND, BRINGING THE TOTAL EMERGENCY STASH TO A RECORD HIGH ONE POINT FIVE EIGHT BILLION.
ADDITIONALLY, THE STATE’S ACCOUNTS PAYABLE HAS HIT A 12-YEAR LOW OF 478 MILLION DOLLARS, MEANING VENDORS ARE BEING PAID FASTER THAN THEY HAVE IN DECADES.