Illinois Comptroller Warns of More Delayed State Payments
November 19, 2008
The Chicago Tribune reports that school districts may soon begin to feel the impact of declining state revenues resulting from the financial crisis. As state income and sales tax revenues decline, Illinois Comptroller Dan Hynes warns legislative leaders and the Governor that payments to state supported institutions such as schools may be delayed in the coming months. If they occur, delays in state payments could raise contractual issues for schools and increase the importance of local sources of revenue.
In addition to the link below, visit Illinois State Comptroller Daniel W. Hynes' Web Site for more information on this issue.
http://www.chicagotribune.com/news/local/chi-state-budget-hole-14nov14,0,3420780.story