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Brief

Budget Stabilization Funds

How States Save for a Rainy Day

Kim S. Rueben, Megan Randall
November 28, 2017
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Abstract

Budget stabilization funds (BSFs), also known as rainy day funds, allow states to set aside surplus revenue for times of unexpected revenue shortfall or budget deficit. This fact sheet describes how BSF rules vary across states and reviews evidence on how they affect savings and volatility.

Research Area

State and Local Issues State and local budgets
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Meet the Experts

  • Kim S. Rueben
    Sol Price Fellow
  • Megan Randall
    Research Associate
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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