FISCAL PROBLEMS WORSEN SIGNIFICANTLY AS FY 2010 ENDS

Throughout fiscal year 2010, both the state's financial condition and cash flow position continued to deteriorate rapidly, as spending pressures were left largely unabated and as the recession continued to impact state revenues. Illinois ended the year in the worst fiscal position in its history. at the end of June, the backlog of unpaid bills and fund transfers in the Illinois office of the Comptroller (IOC) stood at $4.712 billion. This compares to last year's end of year payables of $2.785 billion. Just as important, the delay in paying vouchers was 153 working days this June compared to 99 days at this time last year.

An Open Letter to Illinois Service Providers

Click here to read the Open Letter from Comptroller Daniel W. Hynes

COMPTROLLER'S QUARTERLY REPORT:
STATE FINANCES CONTINUE DOWNWARD SLIDE

Illinois will be confronting the most dangerous fiscal conditions in modern history.

COMPTROLLER'S QUARTERLY REPORT
STATE FINANCES GRIM, AND GETTING WORSE

"Illinois has too many bills, not enough money to pay them as revenue dips"

Assessing the state of Illinois' fiscal situation in his quarterly report, Comptroller Dan Hynes called the situation grim, and getting worse.

Comptroller's Office Will Make Payments for Lottery and Tourism Advertising Contracts

Chicago--Illinois Comptroller Dan Hynes announced today that Governor Quinn has resubmitted the requests for payment of lottery and tourism advertising and marketing services, and as such, his office will issue commensurate payments as part of the overall $43 million in contracts.

HYNES ISSUES STATEMENT REGARDING THE CEMETERY TASK FORCE REPORT

Illinois Comptroller Dan Hynes issued the following statement regarding the cemetery task force report : "While it is unfortunate that it required the tragic events that occurred at Burr Oak Cemetery to bring to light the serious lack of regulation in the death care industry, we must seize this opportunity to finally bring much-needed oversight for which I have been fighting for many years," Hynes said.

HYNES TESTIFIES BEFORE CONGRESSIONAL PANEL ON NEED FOR CEMETERY OVERSIGHT

Chicago – Comptroller Dan Hynes Monday told a Congressional panel that is investigating the need for stronger oversight of the death care industry that cemeteries operate in a "regulatory vacuum" in Illinois and that state legislation of the type he has proposed is needed to better protect consumers.