Illinois is looking at missed earnings of just over $31 million for 2016 due to the state budget impasse. Illinois Treasurer Michael Frerichs held a press conference in Chicago on Tuesday, and explained where the missed earnings figure comes from.

The threats of unplanned fund sweeps and the need to pay court-ordered bills required the treasurer’s office to make short-term investments, that prioritized cash availability rather than longer-term, higher yielding investment opportunities, with Frerichs saying how without a spending plan, it’s very difficult to know what money is needed for basic government operations and what money is for normal investments. Frerichs stated how not having a budget hurts every citizen in Illinois.

It was also mentioned that Metropolitan Family Services of Chicago is among the service providers that have essentially lent the state money because the state has not paid its bills. It was said how by the end of the fiscal year 2016, the state of Illinois will owe Metropolitan $2.6 million.