Morning meeting: Bills, bills, bills
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Morning meeting: Bills, bills, bills

Posted by Mike Riopell on Mon, 10/17/2011 - 10:23

Mornin'. Today is day two of our series with The Associated Press on Illinois' unpaid bills. Today, the story is about the effect on businesses.

They want or need the state business in the belief the overdue payments will come in sometime. Yet the unpredictability of getting paid by Illinois stifles plans for hiring or business expansion and puts a damper on the local economy.

“It freezes up a lot of capital that used to be flowing to other businesses,” said Arlington Heights Chamber of Commerce Executive Director Jon Ridler.

Illinois has $67 million in overdue bills to businesses across the state.

That's part of a total backlog of unpaid bills worth $5 billion last month, with nearly half of that amount more than 30 days overdue, according to an Associated Press analysis.

Kerry handled part one yesterday, about schools.

And we'll have another installment tomorrow. Be sure to check it out.