TALLAHASSEE, Fla. (AP) — Florida is being forced to stagger payments to schools and health care providers because of limits with its 30-year old computer-based accounting system.
State officials took the drastic actions because the current system can’t pay out $1 billion or more in a single 24-hour period. The state was forced to delay payments twice in June because it had gone over the daily limit.
Last week the Department of Financial Services, the agency that handles the accounting system, asked all state agencies to alert them ahead of time if they want to make a payment of $5 million or more.
