![DIH Rainy Day Fund 03292023 The Illinois Rainy Day Fund has hit a record high! $1.22 BILLION to be exact.](https://demsforilhouse.com/wp-content/uploads/2023/03/DIH-Rainy-Day-Fund-03292023-1024x1024.jpg)
With a $150 Million Infusion, Illinois’ Rainy Day Fund Hits a Record
Even as political pressure to boost spending grows, Illinois has taken another step to build up its cash reserves. Comptroller Susana Mendoza reports she transferred $150 million today into the state’s Budget Stabilization Fund, more commonly known as the rainy day fund. With the new money, the fund now has $1.22 billion set aside for a recession or other downturn — a new record.