Illinois State Comptroller Susana Mendoza is trying to get Governor Rauner to pass a bill that requires Governors to include their plans to pay down the state’s late payment interest penalties in their budget proposals. Those numbers currently total more than $1 billion according to Mendoza.
The bill is called the Budgeting for Interest Payment. Mendoza says that it is not fiscally responsible to not include this money in the budget, and that something needs to change.
The Budgeting for Interest Payment Bill was passed by the house 101-0 on April 19th, and passed by the Senate 46-7 on May 3rd. Now it is in Governor Rauner’s hands where he can sign it, take no action, or he can veto it.