Ohio’s ‘Rainy Day Fund’ Nears $3.5 Billion

The Ohio Budget Stabilization Fund — known as the state’s “rainy day fund” — now sits at nearly $3.5 billion, representing the fund’s largest balance in state history.

The rainy day fund is designed to protect the state — and its taxpayers — from steep drops in revenue caused by economic downturns. Under state law, the fund is capped at 8.5% of General Revenue Fund revenues. 1/18/2023