The state’s stabilization (or “rainy day”) fund is designed to buoy the state through tough economic times, and it has certainly been used in the recent recession. This post will examine the set-up of the fund, the recent history of its use, and its future in getting the state through the Great Recession. The stabilization […]
In April, the House, with leadership support, passed two big steps in the right direction on financial transparency. The Senate, during budget debate, approved roughly the same measures, making their final passage highly likely.
Recent actions by the United States House of Representatives may result in new cuts in all state accounts, including local aid.