The fact that Illinois is letting so much money sit in the bank, even when it has a long list of pressing financial needs, has a lot to do with the rules the federal government wrote for how states can use the Rescue Act money. For example, states can’t use it to pay down their pension obligations. For Illinois, that means it can’t chip away at its $141 billion in unfunded pension liabilities.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
For the record, these are not “Federal Rescue Funds”.
They are funds provided by the taxpayer, like me, a private sector businessman, who has been shafted by the Government in this plandemic.