rainy day fund

noun

Definition of rainy day fund

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 The city routinely stashes money away in its rainy day fund for such circumstances, but this year’s contribution is much larger than in previous years. Courtney Astolfi, cleveland, 19 July 2022 And unlike public ambulance services, private companies don't have a rainy day fund or money coming in from taxpayers to fall back on. Brooks Sutherland, The Enquirer, 8 July 2022 As such, that money has been set aside in the rainy day fund for fiscal emergencies that has now reached about $7 billion. Christopher Keating, Hartford Courant, 7 July 2022 State officials expect California’s rainy day fund to increase to $23.3 billion by year’s end. Taryn Lunastaff Writer, Los Angeles Times, 30 June 2022 The state is expected to enter the new fiscal year with $3.3 billion in its rainy day fund and modestly rosy revenue projections for the next two fiscal years. Keith M. Phaneuf, Hartford Courant, 30 June 2022 Using federal pandemic relief dollars and money from its rainy day fund, the MBTA is fending off its fiscal cliff for another year. Globe Staff, BostonGlobe.com, 9 June 2022 The impressive growth in fundraising raises new concerns about the amount of money that the charity has put aside for its rainy day fund. David Armstrong, ProPublica, 8 June 2022 To the plus side for Lamont, the state is in its third year of revenue growth, surpluses, and a fat rainy day fund. Mark Pazniokas, Hartford Courant, 31 May 2022 See More

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.

First Known Use of rainy day fund

1883, in the meaning defined above

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Time Traveler for rainy day fund

Time Traveler

The first known use of rainy day fund was in 1883

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Dictionary Entries Near rainy day fund

rainy day

rainy day fund

Rainy Lake

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Statistics for rainy day fund

Last Updated

2 Aug 2022

Cite this Entry

“Rainy day fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rainy%20day%20fund. Accessed 11 Aug. 2022.

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