Illinois' Rainy Day Fund Crosses $2 Billion Mark
SPRINGFIELD – With a deposit of $11.5 million today, Illinois’ Rainy Day Fund reaches an important milestone on the road to respectability: $2.005 billion. In the worst days of the fiscal impasse that marked the previous administration in 2017, the Rainy Day Fund had just $48,000. That’s not enough to run the state for even 30 seconds – hardly enough to be of any use when the global COVID-19 pandemic struck. Illinois Comptroller Susana Mendoza, working with Governor JB Pritzker, House Speaker Emanuel “Chris” Welch, Senate President Don Harmon and other legislative leaders, has prioritized building up that reserve to useful levels. “Whatever you think Illinois’ most important program is – funding our schools, policing our highways, caring for the elderly – that program is in jeopardy when a crisis strikes if Illinois has not built up a strong reserve,” Comptroller Mendoza said. “The bond rating
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