Speaker Vos: Announces rainy day fund to nearly double
Madison…Speaker Robin Vos (R-Rochester) released a Legislative Fiscal Bureau memo that shows that the Budget Stabilization Fund balance is expected to nearly double with a projected transfer of $291 million. The fund, which is commonly referred to as the rainy day fund, has grown significantly in the last decade under Republican leadership. “Thanks to a great economy and good budgeting, we can continue to put money into the rainy day fund,” said Speaker Vos. “The WISCONSIN budget approved by the Joint Committee on Finance allows for the largest investment into the Budget Stabilization Fund in state history.” According to the