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|Governor Quinn Announces State's Backlog of Bills Falls to $3.9 Billion|
|News Releases - Business, Economy & Finance|
|Written by Abdon Pallasch, Asst. Budget Director|
|Monday, 14 July 2014 13:12|
Lowest Point Since Governor Quinn Took Office; Strict Spending Brings Backlog Down from High of $9.9 Billion in 2010
CHICAGO – Governor Quinn today announced that the state's backlog of bills has fallen from a high of $9.9 billion in 2010 down to $3.9 billion as of June 30, the lowest point since the Governor took office. Five years ago, Illinois was home to the worst pension crisis in America and the state’s backlog of bills was on its way to more than $9 billion. Since taking office, Governor Quinn has made tough decisions, enacted major structural reforms and cut state spending by more than $5.7 billion.
“Making the tough decisions has moved Illinois forward," Governor Quinn said. "Today Illinois is in a stronger financial position than we were five years ago and we have more work to do to continue moving our finances in the right direction."
The backlog of bills is now closer to the typical private industry 30-day billing standard – about $2.2 billion in Illinois’ case – and is a direct result of the Governor's willingness to make the tough decisions including overhauling the Medicaid program, reforming worker's compensation and unemployment insurance systems and implementing major efficiencies such as closing and consolidating more than 50 state facilities.
In March, the Governor submitted a balanced budget plan that continued paying down the state's bills, protected education and public safety and secured Illinois’ long-term financial future, but legislators instead postponed the tough budget decisions.
Governor Quinn recently cut Illinois’ Fiscal Year 2015 state budget, zeroing out $250 million for renovations of the state Capitol. In addition, as part of his ongoing budget review, the Governor directed state agencies to identify additional efficiencies, including selling nearly half of the state’s aircraft.
The Governor also directed state agencies to cut 80 paid parking spaces for state employees in downtown garages – more than 30 percent of the total spots reserved. The move will save taxpayers more than $100,000 annually. He also again reduced lease costs for government buildings that will save taxpayers an additional $55 million this year.
Governor Quinn’s budget cuts over the past five years include shrinking the state payroll from 54,000 to 50,000 – the third-lowest number of state government employees per capita in the entire country according to Governing Magazine.
For more information, please visit: http://www2.illinois.gov/gov/
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