Tag: Constitutional Reserve Fund

Update: Rainy Day Fund Basics

By: Gene Perry
July 16, 2012 // Updated: May 1, 2019
This is a revised and updated version of a page from OK Policy’s Online Budget Guide authored by Paul Shinn. [UPDATE: A previous version of this post incorrectly said that the maximum amount for the Rainy Day Fund is 15… Read more [More...]

How the Rainy Day formula requires us to make mistakes

By: Gene Perry
July 18, 2011 // Updated: May 1, 2019
Last Monday, State Finance Director Preston Doerflinger announced that the state would be depositing $219 million in the Constitutional Reserve Fund (commonly referred to as the “Rainy Day Fund”) this year. Seen alongside news that lawmakers had to overcome a… Read more [More...]