Competing priorities for Illinois taxpayer funds ahead of Pritzker’s address – Center Square

Illinois has been adding to its rainy day fund, reaching $2 billion last year, but Truth In Accounting CEO Sheila Weinberg said that can be misleading. “For example, California has a big rainy day fund, but they have $250 billion of debt,” said Weinberg. Illinois’ unfunded pension liability is around $140 billion. That does not include tens of billions in other post employment benefits for state retirees.