The balance in the state’s Stabilization Fund has varied over the past 10 years. The Stabilization Fund–often referred to as the “Rainy Day Fund”–is a cushion for when the economy turns down. It is like a savings account for the state to turn to when there is not enough money in the General Fund (the “checking account”) to fund the state’s operations.
An Unstable Ladder: How the Fiscal Crisis is Threatening Education and Work Support Programs for Many Women
State programs in higher education, employment training and child care enable residents to attain and keep quality jobs. While these programs are open to all, in each area women make up a substantial majority of those using these programs and services to improve their economic standing and support their families. This report examines state support of higher education, employment training and childcare–describing how these programs work, why they are important to the participation of women in the workforce, and the strains on both the programs and participants brought about by the economic crisis.