While there is currently no consensus on how large a state rainy day fund should aim to be, bonding agencies and state budget officials generally target 5 percent as the appropriate amount. (empirecenter.org)
The report noted that state budget officials lowered tax revenue estimates four times over the past fiscal year. (timesunion.com)
Others note that state budget officials issued a directive to trim $ 20 million in overtime costs this year from the entire prison system. (timesunion.com)