Friday, April 24, 2015
Rainy Day Funds
States have not rebuilt their rainy day funds - a Pew study shows just over half of what they had in 2007. The challenges to a state in an economic downturn without adequate reserves are great.
http://www.pewtrusts.org/~/media/Assets/2015/03/StateRevenueForecastingReportARTFINALv4web.pdf?la=en
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