Sorry, but there’s no getting around this
Thursday, Sep 19, 2019
* News-Gazette editorial…
That was a fairly common mid-year spike. In the preceding July (just after the end of Fiscal Year 2014), the backlog had been brought down to $4.60 billion. The backlog at the end of Fiscal Year 2015 (before the impasse began) was $5.03 billion. A 30-day payment cycle would leave about a $2.5-3 billion backlog or so (maybe even higher). So the real backlog at the end of the last Pat Quinn budget was about $2 billionish, mainly because the 2011 income tax partially rolled back in the middle of the 2015 fiscal year.