And we built the largest rainy-day fund balance in state history.
The country has robust international reserves, a large rainy day fund that can be used for economic stimulus in a crisis, and low public debt.
WASHINGTON — The federal government has a large rainy day fund on hand to help mitigate the expanding damage on the Gulf Coast, generated by a tax on oil for use in cases like the Deepwater Horizon spill.
But Senate President Pro Tem Darrell Steinberg, a Sacramento Democrat, disagreed about making a large rainy day fund deposit.
Fortunately, Brown had husbanded a large rainy day fund, which he used to bail out local services which otherwise would have gone belly up.
The friendly public servants at the conference explained that maintaining large "rainy day" funds is simply how local governments must operate.
With 70 percent of the original land surface now underneath impermeable surfaces such as pavement and buildings, far more runoff now enters the creek not only inducing an increased year-round flow, but much larger rainy season flows.
amassed such a large rainy-day fund.
Therefore, while pre-funding might sound good in theory, no government can expect to amass a sufficiently large rainy-day fund in practice.
Also, even at large schools, a rainy day or other random events may change children's dispositions.
