Comptroller Mendoza (D) on Passing the Transparency Act, and IL’s Financial Condition

From the City Club of Chicago — Susana Mendoza, who is seeking a full-term as the state’s Comptroller, tells the City Club members of her discovering the state’s unpaid bills were much more than she realized, due to many bills sitting on desks in a state agency, that was late in processing over $1 billion in liabilities.

This was a major thrust in her pushing to pass the state’s new Transparency Law, that requires agencies of government to send her a notice of a debt incurred, even before it’s been submitted for payment to her office.

The Comptroller also recounts the decline of the state’s financial standing in the last two years, due she says largely to Gov Rauner’s obstruction in passing state budgets. While she agrees the state’s budgets are not truly balanced, she also notes