Illinois Comptroller sets aside millions more for a rainy day – WCIA (Champaign)

Susana Mendoza's office paid another $150 million into the Illinois Rainy Day Fund, also called the Budget Stabilization Fund, for the first time this year. The account now stands at $1.22 billion. The comptroller has also scheduled three more payments before the end of the fiscal year.
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Pat S.
3 years ago

I find this interesting … according to:

https://illinoiscomptroller.gov/financial-reports-data/data-sets-portals/fund-search

Illinois’ DAILY expenditures equal $150.7 million.

With $1.22 billion in reserve, Illinois has about eight days of operating expenses on hand. If the anticipated three additional $150 million deposits are made, by YE the rainy day fund should stand at $1.67 billion … enough to run the state for a bit over 11 days.

It’s strongly suggested that families and individuals have enough money in reserve to cover SIX MONTHS of expenses.

Interesting, eh?

Poor Taxpayer
3 years ago

Illinois is flat A$$ Broke. Not the change of a nickel.
A$$ high in debt and unfunded liabilities. No chance in Hell that it is going anywhere but the poor house.

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