Comptroller Mendoza deposits $150 million more into Rainy Day Fund – WICS (Springfield)

While the additional transfers into the Rainy Day Fund are a welcome boost, Comptroller Susana Mendoza continues to call for regular automatic deposits into the fund during strong economic times, without having to depend on one-time infusions from future legislatures.
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Joey Zamboni
1 year ago

That’s like me depositing $1.50 into my bank account…

WOO HOO, hello debt free living…!

Old Spartan
1 year ago

WOW! Really? A whole $150 million! That certainly is worth having a press conference to brag about. That will really make a dent in the $180 billion debt we already have.

Admin
1 year ago
Reply to  Old Spartan

She does it time after time and the press always gobbles it up.

ron
1 year ago
Reply to  Old Spartan

It is smart to invest new cash flows at 4.5% , than pay off old debt at 2.5%

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check all you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.

Read More »

Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio

Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE