Rich Miller: Illinois’ Rainy-Day Fund Better Hope It Doesn’t Rain – River Cities Reader (Davenport)

"Yes, the state will have $1 billion in its rainy-day fund just in case, and the state’s bill-payment cycle can easily be expanded well beyond its current two weeks. But a worse-than-expected economic downturn could still cause some fiscal pain, although not nearly as much as in the days when the state had no cushion at all (or even no budget)."