Posted tagged ‘Comptroller Judy Baar Topinka’

As Federal Medicaid Aid Ebbs, Illinois Aims to Pay $1.8 Billion in Bills by June 30

June 23, 2011

(Springfield, IL) — Illinois lawmakers on Wednesday approved a plan to delay a $365 million payment into Illinois’ rainy day fund, and instead use that money to pay some of the billions of dollars Illinois owes to Medicaid providers.

Comptroller Judy Baar Topinka said the state is racing to maximize a federal Medicaid match that expires at the end of the month. Illinois is getting 57 cents on the dollar for qualifying Medicaid bills that it pays this month. Starting in July, that rate falls back to the normal 50 cents on the dollar.

Maximizing the $365 million, Topinka said, should allow her to pay $1.85 billion in Medicaid bills by June 30. She estimates Illinois could receive an extra $90 million to $100 million from the federal government.

“The Medicaid match did not solve all of our problems, but is sure as heck helped,” said Topinka. “And come the 30th of June, we lose that help, and we’ll be out there on our own.”

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Comptroller Judy Baar Topinka Offers No Alternative Gov. Pat Quinn’s Plan to Pay Illinois’ Delinquent Bills

May 27, 2011

(Springfield, IL) — May 27, 2011. For the upcoming year, Illinois lawmakers are weighing whether to pay bills with borrowed money or not pay businesses and local government money the state owes them.

However, if the state borrows the $6.2 billion for its bills, Illinois may have another mountain of debt in a few years.

Democrats are pushing the plan to borrow $6.2 billion in order to pay some of Illinois’ $8.2 billion in past-due bills.

Republicans say lawmakers have to stop borrowing and start cutting spending if Illinois is ever going to pay its bills and live within its means.

Comptroller Judy Baar Topinka, who actually writes the checks for the state’s bills, said spending money now is not the solution.

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Treasurer Dan Rutherford Backs Borrowing Plan to Pay Illinois Vendors

April 20, 2011

(Springfield, IL) — Illinois Treasurer Dan Rutherford and Comptroller Judy Baar Topinka can both agree on a plan to merge their offices, but short-term borrowing is a different thing.

Republicans opposed Gov. Pat Quinn‘s plan to borrow $8.75 billion to help the state pay off its debt of $9 billion to $10 billion. Quinn wants to borrow $2 billion in short-term loans to help pay the state’s backlog of bills.

Any short-term borrowing must win the OK from both financial offices.

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