Sentences with phrase «depleted rainy day funds»
Local governments have struggled in the wake of the recession with depleted rainy day funds and a cap on property tax increases, while state aid hasn't increased.
http://www.nystateofpolitics.com/ Not exact matches
They were able to pare the budget deficit down to $ 3.2 billion, but even that amount would nearly deplete the state's rainy day fund.
If the trend continues, the city's fund balance - a rainy day fund that currently stands at $ 50 million — could be depleted in three or four years.