One Thing You Can Count on in Olympia is a Rainy Day
Author: WRC
Originally published on Feb 28, 2007
The senate recently forwarded to the house a proposed constitutional amendment to create a “rainy day fund." If approved by the house and by voters in November, the state would set aside 1 percent of general state revenues each year to be saved for use in the event of a recession. The fund would alleviate some of the strain put on government resources during a recession and help avoid tax increases.
Relevant topics:- Governance
- State Budget
- Taxes
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