Rainy day fund
From Ballotpedia
 | This article is a stub. Please help Ballotpedia by expanding it. |
A rainy day fund, also known as a budget stabilization fund, is a government fund set aside during years of budget surplus for lean years in which tax revenues fall, creating a deficit. In fiscal 2007, 45 states and the District of Columbia maintained rainy day funds, worth a total of $30.2 billion, or 4.6 percent of combined general fund expenditures.[1]
