Implementing Bell's Blueprint recommendation No. 31 to create a rainy day fund to help during economic downturns
Type: Blueprint for Opportunity 2006
Published Date: December 13, 2006
Author: Miller, Adrian
The next governor and legislature should enact a strategy to increase the General Fund statutory reserve by at least one percentage point each year to create a rainy day fund of at least 10 percent of the state General Fund within six years.