debt http://news.stlpublicradio.org en Morning headlines: Thursday, January 19, 2012 http://news.stlpublicradio.org/post/morning-headlines-thursday-january-19-2012 <p><strong>Ill. unpaid bills top $4.2 billion in Comptroller&#39;s office</strong></p><p>Illinois Comptroller Judy Baar Topinka says there are&nbsp; even more bills piled up in other government departments. She said Wednesday the state&#39;s overall backlog is about $8.5 billion. That means organizations that provide services for the state, from businesses to hospitals to charity groups, must wait months to be paid for their work. Topinka&#39;s office is still paying bills that date back to Sept. 1 - four and a half months ago.</p> Thu, 19 Jan 2012 15:24:30 +0000 Julie Bierach & The Associated Press 2887 at http://news.stlpublicradio.org Morning headlines: Thursday, January 19, 2012 $96 million settlement helps SLPS clear one hurdle toward reaccreditation http://news.stlpublicradio.org/post/96-million-settlement-helps-slps-clear-one-hurdle-toward-reaccreditation <p>For the first time in a decade, the St. Louis Public Schools will be debt-free.</p><p>Superintendent Kelvin Adams announced today that the district has entered an agreement with the plaintiffs in a <a href="http://caselaw.findlaw.com/us-8th-circuit/1344390.html">1972 case</a> over the district&#39;s segregation policies that frees up $96 million for debt reduction and district operations.</p> Mon, 21 Nov 2011 21:37:29 +0000 Rachel Lippmann 2521 at http://news.stlpublicradio.org $96 million settlement helps SLPS clear one hurdle toward reaccreditation City of St. Louis retains good credit rating - for now http://news.stlpublicradio.org/post/city-st-louis-retains-good-credit-rating-now <p>On Saturday, Standard and Poor&#39;s <a href="http://www.nytimes.com/2011/08/06/business/us-debt-downgraded-by-sp.html?scp=2&amp;sq=S&amp;P%20downgrade&amp;st=cse">downgraded the debt</a> of the United States a notch.</p><p>But the ratings firm continues to see debt issued by the city of St. Louis as a good investment, though vulnerable to economic shocks.</p> Thu, 11 Aug 2011 21:43:07 +0000 Rachel Lippmann 1856 at http://news.stlpublicradio.org City of St. Louis retains good credit rating - for now Quinn: Approve borrowing or lose local tax revenue http://news.stlpublicradio.org/post/quinn-approve-borrowing-or-lose-local-tax-revenue <p>Illinois Gov. Pat Quinn wants to suspend about $1 billion in state income tax payments to cities and counties unless he gets legislative approval to borrow billions of dollars to pay overdue bills.</p><p>Quinn floated the plan in draft legislation he showed lawmakers earlier this week. It <a href="http://www.chicagotribune.com/news/local/ct-met-quinn-borrowing-plan-20110428,0,2727322.story">was first reported by the Chicago Tribune</a>.</p> Fri, 29 Apr 2011 16:46:24 +0000 The Associated Press 1070 at http://news.stlpublicradio.org Quinn: Approve borrowing or lose local tax revenue State appeals court rejects suit against debt collectors http://news.stlpublicradio.org/post/state-appeals-court-rejects-suit-against-debt-collectors <p>A three-judge panel of the Missouri Court of Appeals has dismissed two lawsuits filed by Attorney General Chris Koster that argued debt collection companies were violating the state&#39;s <a href="http://www.moga.mo.gov/statutes/c407.htm">Merchandising Practices Act</a>.</p><p>The rulings appear to be the first time a state court has considered whether the MPA applies to third-party actors like debt collectors.</p> Tue, 05 Apr 2011 17:49:13 +0000 Rachel Lippmann 878 at http://news.stlpublicradio.org State appeals court rejects suit against debt collectors