Late payments

Here’s another article on the negative impact of the late state payments on community service providers.  For the moment at SU we’ve had enough state payments to pay our employees, consumers and bills without having to borrow in order to do so.  The state is sending notice that the last 1.8 month’s worth of payments will be moved from the fiscal year ending this June 30 to the fiscal year ending June 30, 2014.  We keep an open line of credit for these situations, but hate using money to pay interest that could be going towards services.

Leave a Reply

Your email address will not be published. Required fields are marked *