State rainy day funds serve as reserves for times of fiscal distress.
Most states allocate a portion of year-ending balances to rainy day funds, but how they're funded varies. Kansas recently established its fund, leaving Arkansas and Montana as the only states without some form of rainy day funds.
Figures reported to the National Association of State Budget Officers indicate that the total rainy day fund balance for all states exceeded $48 billion in fiscal 2016. Funding states have appropriated for fiscal 2017 show a slight decline in fund balances, suggesting they may have plateaued.
Select a state below to view its rainy day fund balances from fiscal 2007 through 2016:
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Governors and legislatures are keeping spending growth at its lowest level since the recession to make sure they're prepared for the next one.
After several years of growth, the amount states are socking away in rainy day funds has slowed.