Illinois Comptroller pushes for requirement to fill rainy day fund – Center Square

The proposal, House Bill 4118, calls for triggering monthly transfers into the Budget Stabilization Fund and the Pension Stabilization Fund when the state's bill backlog is less than $3 billion. That's the point in which Mendoza's office estimates the state is paying bills within a 30-day cycle, which is customary in business.
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nixit
4 years ago

Why would a state with huge pension liabilities put money into a Pension Stabilization Fund instead of just investing that money directly into the pension funds?

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