rainy day fund
nounDefinition of rainy day fund
US
: a fund of money set aside especially by a government to be used during a time of revenue shortfalls or budget deficits
Examples of rainy day fund in a Sentence
Recent Examples on the Web
Democrats in the Legislature appear interested in diverting it to the state's rainy day fund. — Hillary Borrud | The Oregonian/oregonlive, oregonlive.com, "Oregon taxpayers set to get a $1.6 billion ‘kicker’ rebate next year," 28 Aug. 2019 That will force the program to dip into a rainy day fund that will be depleted in about 15 years. — Robert Weisman, BostonGlobe.com, "Invisible no more: Social Security will soon slide into insolvency," 20 July 2019 Additionally, the budget fully funds the city’s rainy day fund for the first time since the fund was created 15 years ago. — San Diego Union-Tribune, "Dozens criticize councilwoman, targeted for recall, for publicly firing her aide," 5 June 2019 Lawmakers and Governor Brown are using that windfall to fill the rainy day fund to the maximum allowed under the state constitution and boost other savings, producing $16 billion in total reserves. — Jonathan J. Cooper, The Christian Science Monitor, "California sees $9 billion surplus, passes budget to help poor," 15 June 2018 The state feeds the rainy day fund, created by the Legislature in 2007, by diverting a small amount from the general fund. — Hillary Borrud, OregonLive.com, "Oregon lawmakers weigh odds of a recession, as reserves grow," 26 May 2018 Unlike many states, Idaho was hit less hard by the recession — which Vaughn attributes to a successful bout of conservative budgeting that left a healthy rainy day fund for the period of economic downturn. — Tara Golshan, Vox, "There’s a governor’s race in the fastest-growing state in the country: Idaho.," 14 May 2018 All three would make a relatively small investment in the state’s emergency rainy day fund, socking away $96 million. — Joshua Miller And Matt Stout, BostonGlobe.com, "Senate unveils $41 billion state budget proposal," 10 May 2018 Stewart’s plan would leave the rainy day fund at $18 million. — Don Stacom, Courant Community, "New Britain Mayor Pitches Budget With No Tax Hike, But Also No Increase In School Spending," 11 Apr. 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rainy day fund.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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