rainy day fund

noun

US
: a fund of money set aside especially by a government to be used during a time of revenue shortfalls or budget deficits

Examples of rainy day fund in a Sentence

Recent Examples on the Web That’s not even considering the $27.1 billion of energy-tax money Hegar expects to build up in the state’s rainy day fund. Dallas News, 19 Jan. 2023 In 2014, voters passed Proposition 2, which updated the rules governing the Budget Stabilization Account (better known as the rainy day fund) and created the Public School System Stabilization Account. Kathleen Pender, San Francisco Chronicle, 2 Mar. 2023 Senators and delegates also passed a handful of technical fixes to the two-year spending plan related to the state retirement system and to a mandatory rainy day fund. Laura Vozzella, Washington Post, 25 Feb. 2023 Prior to 1985, the state did not have a rainy day fund that could be used as a cushion during a downturn. Bill Glauber, Journal Sentinel, 23 Feb. 2023 Legislators launched a major savings program in 2017 that helped build the rainy day fund and strengthen Connecticut’s fiscal position in the short term. Keith M. Phaneuf, Hartford Courant, 9 Feb. 2023 Earlier, as a House committee staffer in the late 1980s, Craymer drafted the legislation that created the rainy day fund. Dallas News, 6 Feb. 2023 Maryland has already benefited greatly from the COVID relief funds, leaving us in a good place financially with a budget surplus, increased funding for education and other important services, and money put aside in the rainy day fund. Baltimore Sun, 18 May 2022 Those included spending and bonding caps that led directly to high surpluses and a rainy day fund that is expected to grow to more than $6 billion later this year. Christopher Keating, Hartford Courant, 4 Jan. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'rainy day fund.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1883, in the meaning defined above

Time Traveler
The first known use of rainy day fund was in 1883

Dictionary Entries Near rainy day fund

Cite this Entry

“Rainy day fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rainy%20day%20fund. Accessed 27 Feb. 2024.

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