Rainy day fund

A rainy day or rainy day fund is a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures. This is critical to the operations of most states, which do not permit their governments to take on debt, meaning that services would have to be cut in the absence of reserve funds.

New York State Comptroller Thomas DiNapoli recommended in March 2010 that the state require that one half of surpluses be deposited into the rainy day fund. The Massachusetts rainy day fund has been the focus of tussles between the Governor of Massachusetts and the Massachusetts General Court. Some research suggests developing a national rainy day fund for states, which might improve state credit ratings and reduce capital financing costs for states.

Rainy Day

Rainy Day may refer to:

See also

Go and Ask Peggy for the Principal Thing

Go and Ask Peggy for the Principal Thing is the fourth album by German rock band Fool's Garden, released in 1997.
It contains a cover of the Beatles' song "Martha My Dear".

Track listing

Musicians

Singles

Rainy Day (band)

Rainy Day was an all-star Paisley Underground band composed of members from other Paisley Underground bands, including Dream Syndicate, The Three O'Clock, Rain Parade and The Bangles.

They began collaborating after meeting at a barbecue held by Green On Red. Rainy Day recorded and released their eponymous, lone compilation album in 1984. It pays tribute to the various psychedelic and folksy rock acts that paved the way for the starting point of their own bands by covering songs, including those by Bob Dylan, The Beach Boys, Buffalo Springfield, Big Star, Velvet Underground, The Who and Jimi Hendrix.

Band members

Discography

External links