More money is pouring into the Rainy Day fund and State Comptroller Susana Mendoza couldn’t be more thrilled. Mendoza says 100 million additional dollars have been deposited into the fund which brings the total to $854 million. Mendoza says the rainy day money is vital in case of another pandemic or budget impasse.
When Mendoza took office, the rainy day fund only had about $60,000. Comptroller Mendoza says she realizes it’s just a start, but the State of Illinois is in much better shape than it was when she took office.
She would eventually like to see about $3.25 billion dollars in the fund. For more information on the budget, and the latest updates from the Comptrollers Office, click here.