(WBBM Newsradio) -- With billions in federal relief funds headed here, Illinois State Comptroller Susana Mendoza is sounding warnings against letting that money change the state’s budget priorities.
Mendoza has been urging fiscal restraint for the expected $7.5 billion in recovery assistance. Most recently, on Friday, she was telling North Shore Democrats the first instalment of $3.75 billion is expected in mid-May.
Mendoza argues that money should pay down debt, like the nearly $3 billion borrowed from the Federal Reserve to get through the pandemic.
The second instalment should come over the summer, she said.
Paying down debt is boring, Mendoza concedes. But this is a one time windfall and should be treated as such, she said.
Related
