{"entry":{"title":"States Shouldn't Hesitate in Redesigning Their Rainy Day Funds","date":"Tue, 15 Jan 2013 23:00:00 -0600","author":"CBPP, CBPP","description":"
The last decade’s roller-coaster economy has highlighted the importance of state “rainy day funds” — budget reserves for when recessions or other unexpected events cause revenue declines or spending increases. States with rainy day funds were able to avert over $20 billion in cuts to services and\/or tax increases in the recession of the early 2000s, and did so again in this most recent recession.<\/span><\/p>","original_link":"http:\/\/www.cbpp.org\/cms\/index.cfm?fa=view&id=3887"}}