How Your Money is Being Spent
November 15, 2017
- The Office of the Comptroller received nearly $700 million in federal reimbursements for the payment of medical bills, allowing the Office to release almost 8,000 medical vouchers totaling nearly $700 million.
November 13, 2017
- The Office of the Comptroller used bond proceeds to release more than 300 vouchers related to state employee health insurance, resulting in more than $2.024 billion in bills paid.
- The Office also received more than $1 billion in federal reimbursements for the payment of medical bills, allowing the Office to release more than 4,800 medical vouchers totaling nearly $1.034 billion.
November 9, 2017
- The Office of the Comptroller used bond proceeds to release 52 medical vouchers totaling more than $341 million.
November 8, 2017
- The State of Illinois finalized $6 billion in General Obligation bond sales, and the proceeds from the sales were distributed into the Income Tax Bond Fund. Due to market demand, proceeds from the sales exceeded the principal amount issued, resulting in the State receiving a total of $6.482 billion.
- As provided by law, the Office of the Comptroller transferred $2.5 billion into the state’s General Revenue Fund (0001) and $3.982 billion into the Health Insurance Reserve Fund (0907), permitting the office to issue 40,538 payments totaling more than $4.124 billion, immediately cutting the state’s bill backlog by $3.425 billion. The payments made do not reflect an exact dollar-for-dollar reduction from the previous day’s backlog amount because new bills and a new state agency backlog estimate have been accounted for.
- Payments include about $2.160 billion in medical bills, and about $1.964 billion in bills related to state employee health insurance, many of which have not been paid in more than two years due to the lack of a state budget.