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 Instead, experts say, that younger consumers tackle their rainy day fund — and pay down some debt. Susan Tompor, Detroit Free Press, "Put your stimulus cash towards credit card debt, not student loans: Here's why," 5 May 2021 Unlike some states, North Carolina has made it through one year of the COVID-19 pandemic with its rainy day fund and unemployment reserves intact. Nyamekye Daniel, Washington Examiner, "Cooper pushes spending initiatives, COVID-19 recovery in State of State," 27 Apr. 2021 The state rainy day fund, which now has $10.6 billion, will grow to $11.6 billion by August 2023 if lawmakers don’t draw down some of the savings, Comptroller Glenn Hegar has estimated. James Barragán, Dallas News, "House speaker pushes using Texas savings, Biden relief money to help weatherproof power plants," 11 Mar. 2021 Also: Temple predictions for General Conference and more on that nagging $100B rainy day fund. David Noyce, The Salt Lake Tribune, "Latest from Mormon Land: ‘X-Files’ star David Duchovny to become a Mormon — on screen," 25 Mar. 2021 The state’s rainy day fund of about $1.3 billion is available to cover the short-term shortfall. From Usa Today Network And Wire Reports, USA TODAY, "Underground proms, popcorn problems, lobster relief: News from around our 50 states," 25 Mar. 2021 Phelan has proposed tapping the state’s rainy day fund to create a revolving loan fund, as Texas did eight years ago for water projects. Robert T. Garrett, Dallas News, "House panel OKs storm bills to require weatherizing Texas power plants, revamping grid management," 18 Mar. 2021 Minneapolis is dipping into its rainy day fund to cover the $27 million settlement following Floyd's death. Star Tribune, "Readers Write: Reopening 38th and Chicago, George Floyd settlement, mining, the Catholic Church," 16 Mar. 2021 Saying Ohio can lead the country in economic recovery, Gov. Mike DeWine unveiled a two-year budget proposal that spends $1 billion in new money and does not dip into the state’s rainy day fund. J.d. Davidson, Washington Examiner, "DeWine reveals $74B budget proposal, says it can help Ohio lead in recovery," 3 Feb. 2021

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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Time Traveler for rainy day fund

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The first known use of rainy day fund was in 1883

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Statistics for rainy day fund

Last Updated

10 May 2021

Cite this Entry

“Rainy day fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rainy%20day%20fund. Accessed 17 May. 2021.

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