rainy day fund


Definition of rainy day fund

: 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

Just over a third of Americans had a rainy day fund to cover three months of expenses in 2009, according to FINRA. Janna Herron, USA TODAY, "From 'Prada to nada' and back: Has America really recovered from the Great Recession?," 24 June 2019 Additionally, the budget fully funds the city’s rainy day fund for the first time since the fund was created 15 years ago. San Diego Union-Tribune, "Dozens criticize councilwoman, targeted for recall, for publicly firing her aide," 5 June 2019 His January budget proposal sets aside $3.5 billion in the state's rainy day fund, with additional spending on voting system upgrades, mental health and an earthquake early warning system. Angela Hart, sacbee, "More undocumented immigrants would qualify for health care in $250 million California plan | The Sacramento Bee," 7 May 2018 That could be retirement, putting aside funds to start a business, or building a rainy day fund. Ellen Sheng, Marie Claire, "How to Start Investing Money Even If You Don't Have Any," 16 Jan. 2019 Lawmakers used some of the state’s rainy day fund to pay for the spending increases. Russell Blair, courant.com, "From Marijuana To Tolls: Did Connecticut Lawmakers Pass These 14 Major Bills?," 10 May 2018 In addition to the $27.5 million dedicated to schools, about $42.5 million was raised this fiscal year for the state’s rainy day fund. Scott Sonner, The Seattle Times, "Nevada’s 1st year of pot sales beats forecast by 40 percent," 28 Aug. 2018 The budget sets aside reserves of about $30 million — or about 42 percent of its annual expenses — slightly exceeding the city’s policy of saving 40 percent of its budget in a rainy day fund. Deborah Sullivan Brennan, sandiegouniontribune.com, "San Marcos passes $77 million budget, adds a new school resource officer," 14 June 2018 After accounting for certain mandatory spending — including about a half-billion-dollar deposit into the state’s rainy day fund — Baker, a Republican who is up for reelection in November, is proposing $575 million in outlays with the surplus cash. Joshua Miller, BostonGlobe.com, "Governor Baker proposes $72 million for school safety," 13 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rainy day fund.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of rainy day fund

1883, in the meaning defined above

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Last Updated

29 Jun 2019

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The first known use of rainy day fund was in 1883

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