Ohio’s Rainy Day Fund Sits at Record $2.7 Billion

Ohio’s Budget Stabilization Fund (BSF) — also known as the rainy day fund — is the state’s reserve balance, set aside during good economic times to protect the state budget from revenue shortfalls during recessions.

According to this information from the Ohio Office of Budget and Management, the BSF cash balance currently sits at $2.71 billion — a record high for the rainy day fund. House Bill 110, enacted last year, requires the BSF to retain its investment earnings. 7/26/2022