Apr 27, 2012

Budget doc reveals money stashed for ‘rainy days’ ahead

Lawmakers and the governor plan to set aside $450 million to offset anticipated deficits in the state budget in two years.

That’s money that won’t be available for critical needs now, but depositing it in the state’s “rainy day” fund reaffirms a fiscally conservative outlook that has dominated the Capitol following the fiscal crisis that led to several years of incessant budge[...]