Monday, August 8, 2016

Illinois Pays its Debts to Springfield

Illinois might have to adopt the famous Game of Thrones House Lannister line, "A Lannister always pays their debts."

The state is catching up on its overdue bills to the city of Springfield using money from the stopgap budget passed in June. The state has paid $11.3 million for electricity and water services in the last three weeks, according to the State Journal-Register.

Illinois still owes just over $5 million to the capital, most of which is covered in the stopgap budget.

City budget director Bill McCarty said he's not concerned with the state's late payments with the temporary budget now in effect, and that his current worries are growing health care costs and fire and police pension fund payments.

The state's debt includes $3.4 million in additional past-due utility payments, including $1.1 million in grants and assistance promised to the city's sewer fund, $109,000 for fire protection for last year's state fair, and $305,000 for maintenance of some traffic lights on state routes.


Information provided by the State Journal-Register 

No comments:

Post a Comment