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State Rainy Day Funds Shrinking Amid Budget Pressures
Published 1 month, 3 weeks ago
Description
State rainy day funds dwindling, median coverage drops to 47.8 days; 26 states now with less cushion, 14 drawing down funds; reserves offer short-term help against deeper problems; federal policy shifts cutting state aid, adding costs for programs like Medicaid; budget experts warn pressures will likely grow, pushing more states toward cuts and slower revenue trends.
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