Transparency Portal
FY2019 Rainy Day Fund
0.3 days

50-State Median
FY2019 Rainy Day Fund
26.8 days

What is a Rainy Day Fund?

The Rainy Day Fund is where the state safeguards reserves for potential economic downturns. States typically see less tax revenue and increased spending on social services during an economic downturn. If a state has set aside funds during periods of economic growth, this means the state will face less pressure to cut discretionary programs, e.g. higher education.

Source: Pew Charitable Trusts's Fiscal 50: State Trends and Analysis. Pew’s analysis is based on data from “The Fiscal Survey of States,” which the National Association of State Budget Officers publishes each fall and spring. Latest edition: Spring 2020. Accessed August 14, 2020.