rainy day fund
Ohio, other states sitting on huge piles of money, new report says
Ohio has enough in its rainy day fund to operate the state government for 35 days on that money and nothing else. If you factor in the money it has in other unexpended balances, the number of days grows to 73, according to a report released last week by the Pew Charitable Trusts. It’s part […]
When will Ohio spend its “Rainy Day” savings?
In May of 2020, when Ohio had been plunged into recession by the COVID-19 pandemic, state budget analysts were wringing their hands trying to make ends meet in the wake of the worst fiscal crisis since the Great Recession. Gov. Mike DeWine released a budget plan that month that cut state spending by $775 million […]