Category: Budget Resources

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Budget Monitor: The Governor’s Fiscal Year 2011 Budget (Updated)

Following two years in which the state budget was cut deeply and taxes were increased to address substantial budget deficits, the Governor’s FY 2011 budget recommends additional cuts, suggests modest revenue increases, and relies heavily on assistance from the federal government.

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Budget Brief: Saving for that Rainy Day: The Stabilization Fund

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.

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