Tribpedia: Rainy Day Fund

The Rainy Day Fund is a savings fund that allows states to set aside excess revenue for use in times of unexpected revenue shortfall. It can plug holes in the budget, defend against an economic perfect storm and keep the deficit clouds at bay.

Using the fund itself isn’t particularly easy. If the comptroller says that revenue will decrease between ...

Gov. Rick Perry delivering his State of the State address on Feb. 8, 2011
Gov. Rick Perry delivering his State of the State address on Feb. 8, 2011

What Perry's State of the State Speeches Say About Him

One 2012 presidential candidate wanted to sell a government-run lottery to finance a health insurance program. He wanted to deregulate college tuition, and then freeze it. He proposed leaving the state's Rainy Day Fund alone — or, sending the money back to taxpayers. Hint: He's from Texas. Another hint: He's not Ron Paul.