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Happy New Fiscal Year!🎉 Here's to a successful and bright fiscal year ahead. pic.twitter.com/Zy5NBsim4A
— Illinois Comptroller (@ILComptroller) July 1, 2025
* Press release…
With the close of fiscal year 2025 on June 30, Illinois Comptroller Susana A. Mendoza reports another successful year in paying the state’s bills in a timely manner while the state’s Rainy Day Fund balance has again increased to new records.
For the fourth consecutive year, the Illinois Office of Comptroller (IOC) released all pending bills to vendors from the state’s General Revenue Fund (GRF), while reporting an end-of-year GRF cash balance of $1.9 billion.
This means the IOC is current on all bills received related to Medicaid, the state’s Group Health Insurance program, elementary and high schools, higher education, and other government operations and programs. 
“Working with Governor Pritzker and the General Assembly, we have positioned the state in the most fiscally stable position we can, given the uncertainties of federal funding in the months to come,” Comptroller Mendoza said. “While we keep a close watch on the latest from Washington D.C., my office will continue to pay providers and vendors as quickly as possible to ensure they have the stability and predictability that they and the people who depend on them deserve.”
During fiscal year 2025, the state’s Rainy Day Fund received more than $256 million in transfers and deposits. Over the next 12 months, another $166 million is estimated to be deposited or transferred, bringing the total to more than $2.5 billion by the end of fiscal year 2026. Comptroller Mendoza continues to be a faithful advocate for making additional payments into the pensions systems and Rainy Day Fund during good years.
“We work hard each year to pay bills on time, build up the state’s emergency reserves and stress fiscal discipline, even in these uncertain times,” said Comptroller Mendoza. “My office will strive for continued improvement in state finances and credit ratings in the new budget year.”
With healthy GRF balances anticipated in July, Comptroller Mendoza will once again exercise a law enacted last year that permits the IOC to pre-pay required monthly pension payments when the state has the financial flexibility to do so.    
“We informed the state retirement systems to send us the vouchers for their November pension contributions this month so we can advance these payments early. This will enable the systems to plan accordingly and keep additional dollars in their investment portfolios into the new budget year,” Mendoza said. 
posted by Rich Miller
Tuesday, Jul 1, 25 @ 12:59 pm
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All that and she didn’t mention the Safe-T Act once.
Proud of her.
Comment by Former Downstater Tuesday, Jul 1, 25 @ 1:26 pm
Well now Mayor Johnson and the CTU know where to look for all that money the state owes them.
Comment by DuPage Saint Tuesday, Jul 1, 25 @ 1:35 pm
= current on all bills received =
Key phrase.
Comment by Dirty Red Tuesday, Jul 1, 25 @ 1:40 pm
I think Mendoza has done a good job as comptroller and would prefer that she stick around as opposed to running for mayor.
When the stuff hits the fan following the federal budget changes, Illinois is going to need all the help it can get.
Comment by Friendly Bob Adams Tuesday, Jul 1, 25 @ 1:42 pm
==With the close of fiscal year 2025==
The state still hasn’t closed fiscal year 2024 yet. There isn’t even an interim report like in previous years when reports were delayed.
Comment by City Zen Tuesday, Jul 1, 25 @ 1:51 pm
IOC. Acronyms are for the entrenched, so is that who this message was for. IDK.
Comment by JR Tuesday, Jul 1, 25 @ 2:04 pm
Zen, what are you talking about?
Comment by NobodyAskedMe Tuesday, Jul 1, 25 @ 2:11 pm
==Zen, what are you talking about?==
He’s talking about financial reporting which is completely irrelevant to this post.
Comment by Demoralized Tuesday, Jul 1, 25 @ 2:16 pm
===The state still hasn’t closed fiscal year 2024 yet.===
We still don’t have the ACFR for FY 2023 yet …
Comment by Anyone Remember Tuesday, Jul 1, 25 @ 2:21 pm
===IOC. Acronyms are for the entrenched, so is that who this message was for===
Man, people will complain about anything.
“For the fourth consecutive year, the Illinois Office of Comptroller (IOC)”
Comment by Rich Miller Tuesday, Jul 1, 25 @ 2:32 pm
Maybe the IOC can do a PC with JB. Just keep it on the QT so it doesn’t leak to DT and the GOP or everyone could be MIA?
sn/
Comment by Frida's Boss Tuesday, Jul 1, 25 @ 2:48 pm
= The state still hasn’t closed fiscal year 2024 yet. =
You are correct that the ACFR has not yet been released for Fiscal 23 nor Fiscal 24, but the Fiscal 24 lapse period has been closed for almost a year.
= There isn’t even an interim report like in previous years =
Unless you are specifically looking for GAAP, you should be able to produce the data an “interim report” would otherwise provide.
The bigger question to ask: After 10 years, millions of dollars invested in a uniform off-the-shelf management platform, and a reorganization of state IT governance, why does it take more time to produce statutorily required financial reports?
Comment by Dirty Red Tuesday, Jul 1, 25 @ 2:53 pm
==Acronyms are for the entrenched, so is that who this message was for. IDK.==
Exactly, take your elitist, entrenched acronym back to your ivory towers. What does IDK even stand for? /s
Comment by twowaystreet Tuesday, Jul 1, 25 @ 2:58 pm
Great job by DPI and Comptroller Mendoza. She has a record on which to proudly run for another office. If anyone wants to worry about debt right now, be fearful of DC Republicans. But, the doomers are real silent about GOP debt creation, which says more than anything.
Comment by Grandson of Man Tuesday, Jul 1, 25 @ 3:06 pm
“Unless you are specifically looking for GAAP … .”
Wall Street & the ratings agencies do … the onus we carry for NYC’s 1970s problems.
Comment by Anyone Remember Tuesday, Jul 1, 25 @ 3:12 pm
= But, the doomers are real silent about GOP debt creation, which says more than anything.=
Massive debt creation. Massive. And the gop debt hawks are totally impotent.
Comment by JS Mill Tuesday, Jul 1, 25 @ 4:05 pm
Comments section ruining another fiscal new year.
Comment by P. Tuesday, Jul 1, 25 @ 4:41 pm