Illinois' 'Rainy Day Account' now stands at $1.2B
CHICAGO (CBS) -- Another sign Illinois' financial situation is turning around.
The balance in the state's main savings account has reached a record high.
Comptroller Susana Mendoza just announced a $150 million payment into the "Rainy Day Fund" bringing the balance to $1.2 billion.
It's a big change from April 2018 when Mendoza said there was just $48,000 in the account. Mendoza said that while this is welcomed news, the state legislature must do more to make sure the account isn't depleted again in the future.
Posted by Susana A. Mendoza on Wednesday, March 29, 2023
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