Another $100M Added to Illinois’ ‘Rainy Day’ Fund

Another $100M Added to Illinois’ ‘Rainy Day’ Fund

(IOCI RADIO) – The state’s “rainy day” fund is getting another boost.

Illinois Comptroller Susan Mendoza said an additional $100 million has been deposited to the fund, bringing the total to $854 million.

She said the “rainy day” money is vital in case of another pandemic, economic downturn, or budget impasse, like the one that lasted more than two years.

Mendoza said the state’s “rainy day” fund should be up to $1 billion by the end of the summer.

Facebook