Late payments for interest on state’s backlog of bills threatens program that vendors say keeps Illinois afloat

The private companies that have stepped in to pay the state’s bills say they aren’t getting promised interest payments on time.

Taxpayers are on the hook for nearly half a billion dollars in interest because of late bills and if it’s not paid, vendors that take on the debt say the liquidity program could collapse.

Here’s a link to the story at Illinois News Network.