However, due to the uncertainty of the extent of long - term disability, no
amount of rainy day fund is enough to offset the cost of suffering through long term disability.
In a letter to Kevin Lembo, the state comptroller, Barnes noted that the state still remains «significantly short»
of a rainy day fund target of 15 percent of the overall state budget.
The New York State Comptroller is out with an audit that shows the city of Troy's finances are in dire straits, thanks to poor budgeting, the
overuse of rainy day funds to fund day - to - day operations, and insufficient funding for capital costs.
An audit issued by State Comptroller Thomas DiNapoli finds that unrealistic budgets, insufficient revenues, and the
lack of rainy day funds left the Town of Fishkill in fiscal stress.
Government funding is short duration by nature because of the annual appropriations process, and lack of any restraint — little in the
way of rainy day funds — a presumption of prosperity in budgeting.