Additional revenue enabled states to increase their rainy day funds for the eighth straight year, reaching a record 50-state total of $59.9 billion. Overall, rainy day funds constitute the largest portion of states’ total reserves and balances, Pew notes. New Hampshire is one of only eight states whose rainy day funds could cover more days’ worth of spending than at any point since at least 2000. New Hampshire’s rainy day fund of $110 million (26.7 days) was also greater than the 50-state median of 23.2 days. States with no money in their rainy day funds at the end of the 2018 budget year were Kansas, Montana and New Jersey.

Source: Daily Sun March 18, 2019 16:41 UTC