Reserved amount of money used when regular income is disrupted
The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate.(January 2021) (Learn how and when to remove this message)
A rainy day or rainy day fund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures. This is critical to the operations of most states, which do not permit their governments to take on debt, meaning that services would have to be cut in the absence of reserve funds.[1]
New York State Comptroller Thomas DiNapoli recommended in March 2010 that the state require that one half of surpluses be deposited into the rainy day fund.[2] The Massachusetts rainy day fund has been the focus of tussles between the Governor of Massachusetts and the Massachusetts General Court.[3][4] Some research suggests developing a national rainy day fund for states might improve state credit ratings and reduce capital financing costs for states.[5][6]
^Rueben, Kim. "What are rainy day funds?". Brookings Institution. Retrieved 2009-03-27.
^"DiNapoli wants to alter budget process", Business First of Buffalo and The Albany Business Review, March 9, 2010.
^"Gov. Withholds $425 Million in State Spending". WCVB-TV. Archived from the original on September 27, 2007. Retrieved December 7, 2006.
^Carroll, Matt (January 7, 2007). "Patrick's reversal of cuts brings joy". The Boston Globe.
^"Creating a National State Rainy Day Fund", Federal Reserve Bank of Chicago, 2003.
^"Rainy Day Funds and State Credit Ratings" (PDF). Pew Charitable Trusts. May 18, 2017. pp. 10–12. Retrieved 8 December 2018.
A rainyday or rainydayfund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations...
billion from rainy-dayfund on buying Russian shares, source says". Reuters. 1 March 2022. "Russia Eyes End to Liquidity Caps on Wealth Fund 'Anti-Crisis'...
RainyDay may refer to: RainyDay (band), a Paisley Underground band from the 1980s RainyDay (album), a 1965 album by jazz trombonist Kai Winding "Rainy...
largest single contribution to our RainyDayFund in the state's history. When this budget is implemented, our RainyDayFund will be $1.1 billion – the largest...
Look up contingency fund in Wiktionary, the free dictionary. American Recovery and Reinvestment Act of 2009 Keynes Rainydayfund Social security Schneider...
was amended to reduce this funding to $100 million, but also gave the governor the ability to tap the state's "rainyday" fund for an extra $100 million...
A RainyDay in New York is a 2019 American romantic comedy film written and directed by Woody Allen, and starring Timothée Chalamet, Elle Fanning, Selena...
consideration of measures proposed by the public, establishment of a "rainyday" fund for economic downturns, a body of long-term oversight to balance the...
rainy-dayfund. EP was incorporated as a non-profit corporation on 29 September 1997. EP's holdings purportedly represents, in part, this rainy-day fund...
Third Frontier program in 2010. During Strickland's tenure, the state's rainydayfund was reduced from $1 billion to 89 cents in order to balance the state...
Exchange Equalisation Account United States's Exchange Stabilization FundRainydayfund Sovereign wealth fund IMF registered stabilization funds v t e...
after this point go into a rainydayfund. North Dakota State Constitution, Art. X, sec. 26. "North Dakota's Legacy Fund: Building a Bridge to the Future"...
taxes, increasing spending by 3.5% and putting $314 million into a "rainyday" fund. Doer's 2006 and 2007 budgets introduced further tax cuts; the 2007...
specific savings goals such as “a trip, home improvement projects or a rainydayfund.” In April 2020, during the COVID-19 pandemic, the company created a...
according to the nonpartisan Tax Foundation. Whitmer grew Michigan's rainy-dayfund to an all-time high of $1.6 billion in 2022 thanks to a $500 million...
April 8, the General Assembly passed a bill to draw upon the state's rainydayfund to pay port employees who were thrown out of work and are not covered...
Riegert, Mary Scheer, Ben Stein, and Nicole Sullivan. Peter gives Lois's "rainy-dayfund" to Jim Kaplan, a scam artist selling volcano insurance. That night...
stability in local budgets, and included $2.2 billion in the state’s rainydayfund, the largest in state history at the time. Lamont said, "It’s a budget...
Instead, it has a constitutional ban on assuming debt. The state has a RainyDayFund and for healthy reserves proportional to spending. Indiana is one of...
A settlement was reached that included an apology to him. Lockbox/RainyDayfund: Gore's description of what he would do with the federal budget surplus...
rate of financial reserves of any nation in the world, with Bolivia's rainydayfund totaling some US$15 billion or nearly two-thirds of total annual GDP...
committee, said he opposed Beshear's proposal to use the state's rainydayfund or a general fund surplus to help pay for the project. In August 2019, Beshear...
is perhaps best known for authoring and passing the first California RainyDayFund, a constitutional amendment to force the state to put away money during...
the rainy-dayfund, leaving an estimated $8.4 billion in two years. In these three bills, the 86th Legislature of Texas increased school funding as well...
amendment that would have increased the annual contributions to the state's rainydayfund. The proposition was legislatively referred to voters by the State Legislature...
Global Information