Ohio’s ‘Rainy Day Fund’ Hits New Record High

09/15/2023

Ohio’s “rainy day fund” — or the Budget Stabilization Fund — now stands at a record $3.65 billion, according to the Office of Budget and Management. During August, the second month of the state’s new fiscal year, tax revenues came in $37.7 million (1.4%) over estimates, according to the OBM’s monthly report. 9/12/2023

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