As State Budget Impasse Drags On, Late Fees On State Bills Add Up
Under law, when the state pays late, it pays interest.
Governor Bruce Rauner’s office couldn’t say how much this year’s budget impasse could drive up those late fees.
However, a state report provides an estimate for one part: Insurance benefits for state employees. Just those late fees will cost $232 million in the coming year. That’s not counting the tab for the rest of state government.
Lawmakers convene just two more times before the state starts a second fiscal year with no budget.