(The Center Square) – Illinois taxpayers still don’t have audited financials from fiscal year 2023, but the state’s comptroller says they’re working to speed annual reports up.
Truth In Accounting founder Sheila Weinberg said Illinois continues to be among the states with tardy financial reporting.
“It’s June, past June 30th, 2024, and their June 2023 financial report still has not been issued. So they’re more than a year after their fiscal year end,” Weinberg said.
The state’s audited annual financial report for 2024 is also not available, despite that fiscal year ending on June 30, 2025.
Illinois Comptroller Susana Mendoza said they are waiting on the Auditor General to finish their audit so it can be published.
“It has been incredibly frustrating that we’ve not been able to issue the full annual comprehensive financial report for 2023 and for 2024,” Mendoza told The Center Square. “But the reality is that we cannot issue either here until the Illinois Auditor General’s office completes their audit.”
In the meantime, she said they’re working to speed things up for the most recent fiscal report.
“Which will be a full statewide audit versus an audit of all these individual agencies that then gets put together,” Mendoza said. “So I’ve been calling and pushing for this change for my first term as comptroller.”
Mendoza said Illinois is unique from most other states in that Illinois audits each individual state agency, rather than a statewide audit. But, in conversations with the Auditor General and the Illinois Governor’s Office, Mendoza said they’re doing a statewide audit for fiscal year 2025.
“All three of us are now on the same page that we cannot continue to have these chronically late reports,” she said.
An interim report is available at the comptroller’s website for fiscal year 2023.
Glenn Minnis contributed to this report.
