Illinois treasurer issues warning

Oct 2, 2015

Illinois Treasurer Mike Frerichs says the state budget impasse could affect "critically important" services run by his office.  The Democrat from Champaign wrote a letter to top state leaders this week saying banking and financial services may stop if he can't pay vendors. He says his office also might not be able to make funds available to Illinois Comptroller Leslie Munger. That means less money to pay state workers and vendors. Republican Gov. Bruce Rauner and legislative Democrats can't agree on a July 1 fiscal year budget. Other constitutional officers have weighed in on the impact. Secretary of State Jesse White says his office can't pay its bills and will stop sending out some public reminders.