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.
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.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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?
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.