Sentences with phrase «rainy day fund balance»

This proposed $ 5.0 billion deposit would raise the rainy day fund balance to the Prop. 2 maximum of 10 percent of General Fund tax revenues.

The budget dips $ 18.5 million into the city's rainy day fund balance, which would leave only $ 27 million left.

Not exact matches

Keep the budget balanced or run a small surplus, then have a «rainy day» fund for emergencies.

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

Gov. Deal has overseen three balanced budgets without raising taxes, saved millions of taxpayer dollars by maintaining Georgia's AAA bond rating, and increased our rainy day fund by more than 500 %.

«Years of decreasing, stagnant or slow economic growth have led local governments to cut vital services and tap their rainy day funds to balance budgets, a practice that is not sustainable in the long term,» the comptroller said.

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.

Mayor Brown, in his speech Monday, pointed out that approximately $ 30 million in unallocated money remains in the fund balance, while approximately $ 36 million sits in a «rainy day» reserve.

Comptroller Thomas DiNapoli released a report Monday showing the fiscal year - end general fund balance of $ 2.2 billion was $ 432 million more than projected in February and the state put money in a «rainy day fund» for the first time since 2008.

That is why my colleagues and I in the County Legislature voted to appropriate an additional $ 5 million of the county's fund balance, our rainy day account, to help repair the county road system because it was not just raining; it was pouring.

As mayor, my immediate priority would be to use $ 15 million to help balance the proposed 2017 - 18 city budget, which currently draws down $ 18 million from our fund balance reserves (rainy day fund).