Mendoza urges automatic payments into ‘rainy day fund’ – Capitol News IL

In 2002, lawmakers committed $225 million to the fund with money from the state’s share of a national tobacco lawsuit settlement. Another one-time deposit of $50 million was made in 2004, Mendoza said. The fund balance then remained unchanged until it was depleted in 2017 during the two-year budget impasse under former Republican Gov. Bruce Rauner.