Rainy Day Fund

Rainy Day Fund: Other states’ volatility is California’s lesson to learn
 150 150 Courtney M. Fowler
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We’re in an upswing now. But we saw what happened last decade when everything was decidedly not hunky dory. Safety net services are the first to go, but the hole that this state had dug itself was so deep that cuts were made seemingly everywhere to get back in the black.

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California special session called for Rainy Day Fund
 150 150 Ed Coghlan
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“We simply must prevent the massive deficits of the last decade and we can only do that by paying down our debts and creating a solid Rainy Day Fund,” said Gov. Brown.

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CA Fwd releases report on how to build stronger budget reserve
 150 150 Justin Ewers
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With the governor’s actions dramatically increasing the likelihood of action this year, CA Fwd’s report offers a primer on why the rainy day fund has become such a pressing issue for state government.

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California Forward’s written testimony on the Rainy Day Fund
 150 150 Jim Mayer
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Much of California’s recent fiscal instability has been aggravated by short-term decisions that led to boom-and-bust budgeting.

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Gov. Brown’s State of the State address presents a California moving forward
 150 150 Phillip Ung
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This year’s State of the State address shows how CA Fwd’s governance and fiscal reforms are not only working, but have permeated the governing mantra of the state’s chief executive.

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Governor’s budget proposal brings fiscal prudence to California
 150 150 Matthew Grant Anson
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Governor Jerry Brown’s proposed budget is a major step toward replacing governance based on boom-and-bust cycles in favor of a restrained approach where things don’t just fall apart when the next inevitable downturn comes along.

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What should California do with the $4.6 billion in extra tax revenue?
 150 150 James Mayer
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Californians in November 2014 are scheduled to vote on a constitutional amendment, the California Rainy Day Budget Stablization Fund Act

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How do California’s accounting practices stack-up nationally?
 150 150 Alexandra Bjerg
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The States Project was created to provide non-partisan and reliable information on states’ financial health in an easily accessed and digestible manner.

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Task Force releases report on California budget
 150 150 Christopher Nelson
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In June of 2011, Richard Ravitch, former Lieutenant Governor of New York, and Paul Volcker, former Chairman of the Federal Reserve, took matters into their own hands. They shared a growing concern over the financial trajectory of the nation and how this trickled down into state budgets in the form of continued structural imbalances and an inability to provide basic services or invest in the future of state residents.

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