Gov. Pritzker announces the State’s ‘Rainy Day’ Fund will make history, exceeding $2 billion – WAND (Decatur)

Ongoing dedicated revenues to the Budget Stabilization Fund and estimated FY2024 amounts include: 10% of state cannabis tax revenues ($25 million), monthly transfers of $3.75 million from the General Revenue Fund ($45 million), repayment over 10-years from the loan of $450 million to the State’s UI Trust Fund ($45 million), and interest earnings on the fund’s balance ($23 million).
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The Railroader
2 years ago

Meanwhile, in the real world, Illinois has huge cash deficits across the board, with the already untenable pension bomb growing ever larger. Only in the mind of an unaccomplished trust fund baby like JB the Hutt are Illinois’ finances being managed responsibly. The state’s mortgage is so far behind that JB the Hutt would have to tax residents of neighboring states to keep up the payments. Of course the bailouts from Uncle Fed show this to already be happening. Illinois is beyond broke. Only bankruptcy can save the state, since Illinois’ Constitution forbids any sensible pension reform and the members… Read more »

Pensions Paid First
2 years ago
Reply to  The Railroader

The state has great power to raise taxes or cut spending. No need for bankruptcy just because you want to steal from pensioners. Either we pay more taxes now or pay even more later.

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