Rainy Day Fund

Statewide News
8:04 am
Mon July 15, 2013

State Rainy Day Fund Now Has Record Balance, But Not Everyone Is Happy

The state put a record level of savings in its so-called rainy day fund, which the governor says is an amazing bounce-back from nearly noting in the account two years ago.

With a transfer into the rainy day fund of $995 million, Gov. John Kasich says the account is now full, with a record-high balance of $1.48 billion.  Richard Vedder is a distinguished professor of economics at Ohio University and a conservative.

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