Late Payments Article

A no-longer-unusual article about late state payments.  SU can empathize.  We’ve been borrowing and spending money on paying interest in order to pay our employees and bills for a little while now.  We have actually gotten a few payments from the state, which is a blessing and a curse. If we hadn’t gotten payments we would have exhausted our credit and been able to apply for expedited payments for six months, which would have meant steady payments for while.  As it is, the payments we’ve received haven’t been enough to pay off our borrowing nor have they taken us to the end of our credit.  It is scary to come to the end of our credit and have to jump through the hoops to get payments from the state before we can’t pay our employees or our bills, but we’ve been that route before and know the routine.

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