Comment: I don’t get that headline. The state has far, far bigger problems than those associated with the late payment fees and VSI program for vendors, which are the subject of this article. The real risk is for the private parties buying the receivables, who may get stiffed or delayed.

A far better question, still ignored by the press, is why the state is offering late payment penalties even while it sits indefinitely on $12 billion at the Treasurer’s office, which we wrote about here.