THE STATE’S RAINY DAY FUND IS GETTING ANOTHER BOOST. 

ILLINOIS COMPTROLLER SUSANA MENDOZA SAYS 100 MILLION ADDITIONAL DOLLARS HAS BEEN DEPOSITED INTO THE FUND, BRINGING THE TOTAL TO 854 MILLION. SHE SAYS THE RAINY DAY MONEY IS VITAL IN CASE OF ANOTHER PANDEMIC, ECONOMIC DOWNTURN, OR BUDGET IMPASSE LIKE THE ONE THAT LASTED MORE THAN TWO YEARS.

THAT’S BEEN SIGNIFICANTLY SHORED UP AFTER THIS WEEK’S 100 MILLION DOLLAR DEPOSIT.

MENDOZA SAYS THE STATE’S RAINY DAY FUND SHOULD BE UP TO ONE BILLION DOLLARS BY THE END OF THE SUMMER.